Health Savings Account (HSA)

You don't have to run to the doctor every time you don't feel well, but wouldn't it be nice to feel like you could?

With an HSA, you can set aside money while you're healthy so that you're financially prepared for when you're not. Accessing your money is as easy as swiping your HSA debit card.

Summary

• Save for future medical costs
• Qualified High Deductible Health Plan (HDHP) required
• Earn dividends tax free
• No minimum balance
• Spend on any qualifying medical expense
• Access funds easily
• Free debit card
• No "use it or lose it" rule
• Balance travels with you even if you change jobs
• Free online banking
• Payroll deduction available
• $100 deposit to get started
• NCUA insured

For more information, you may also view our HSA Brochure.

Download a HSA transfer request.

Take a look at our current rates.

To open your Health Savings Account or enroll an employee group, contact Patrick Innis at pwinnis@mutualfirst.com.

Qualify for an HSA

To open an HSA, you must have a qualified high-deductible health plan (QHDHP). The deductible must meet annual guidelines set by the Federal Government for both individual and family coverage. The major advantage of a high deductible plan is lower premiums.

For more information, visit www.ustreas.gov/offices/public-affairs/hsa.