Mifflinburg Bank & Trust recognizes the impact of increasing costs of health insurance and health care. Our Health Savings Account is an interest bearing checking account available for individuals who have a high-deductible health care plan. Contributions are federally tax-deductible; while distributions are tax-free as long as they are used for qualified medical expenses. The interest on this account grows tax-free. Your fund balance will roll over from year to year. Features and benefits of the account include:
- No minimum initial deposit
- No minimum balance required
- No per check or per item fees
- No monthly service fee
- Interest earned on all balances
- Interest paid monthly
- May be opened as a Money Market Account
- FREE Checks (Select Styles)
- FREE ATM/Debit Card
- FREE e-statements or image statements and record keeping system
- FREE 24/7 telephone, on-line & ATM banking availability
- Direct Deposit is available
- Yearly contributions are set by the IRS and may exceed health plan's annual deductible
- HSA is owned by the individual. You do not lose account funds when changing employers
- Your employer may wish to contribute to the HSA
For complete details Contact Us Now at any of our office locations, or call toll free 1-888-966-MBTC (6282).
