Paired with a High Deductible Health Plan (HDHP), a Health Checking Account provides medical coverage along with a tax free solution to save for future medical expenses.
A Health Checking Account helps cover, pay for, or reimburse an individual for typical medical expenses such as prescriptions and office visits. Money can be saved in a tax-deferred Health Checking Account to be used for future qualified medial expenses, which are tax free! Other benefits of a Health Checking Account include tax-deductible contributions, tax-free withdrawals for qualified medical expenses, and tax-deferred interest earnings.
Health Checking Accountís donít require you to use or spend your saved money by the end of the year. Your funds simply roll over and become available for use the following year.
Contact any of First National Bankís knowledgeable Personal Bankers to find out how you can start saving today!