Health Savings Accounts

Health Savings Accounts

What is a Health Savings Account?

A Health Savings Account (HSA) is a tax-exempt trust or custodial account established for the purpose of paying or reimbursing qualified medical expenses of you, your spouse, and your dependents.  Contributions to an HSA are tax deductible, the earnings grow tax deferred, and distributions to pay or reimburse qualified medical expenses are tax free.

We offer HSA checking accounts, savings accounts and CD’s.

If you’d like to learn more about the checking accounts available at Farmers & Merchants State Bank, call us at 1-888-478-3007 or stop in at one of our offices.