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Health Savings
Accounts(HSA)
A Health Savings Account from Farmers & Merchants Union Bank is
great help for employers and consumers to manage healthcare expenses.
An HSA helps you save money for, and manage medical expenses and
contributions to an HSA are tax-deductible.
Benefits for Consumers:
 | Create a cushion for your budget before a medical emergency
happens. |
| Funds are FDIC insured. |
| Flexible account lets you pay for medical expenses while earning
interest on the account balance. |
| Withdrawals for qualified medical expenses are never taxed. |
| Unspent HSA funds remain in the account and accumulate interest
tax deferred year to year. |
| HSA contributions are tax deductible, just like IRA's. As
your health insurance agent or a tax advisor for current
contribution limits. |
| Manage your HSA with monthly statements and our free internet
banking. |
Benefits for Employers:
| Allows employers to control health plan costs without risking
health insurance protection. |
| Enables employees to take responsibility for how healthcare
dollars are spent. |
| HSA contributions are tax deductible. |
How to make HSA contributions:
| Internet banking and/or phone banking allow 24-hour access to
account information and to perform account activity. |
| Arrange an automatic transfer from your consumer or business
deposit account into your health savings account |
| Stop in at any of our locations or mail your deposit |
For more HSA information, Click here.
|
Apply
for an account online
Other fees may be charged on your monthly statement.
See our Regulation DD disclosure
for a comparison of all our accounts. |
