Health Savings Accounts
If you are enrolled in a qualified High Deductible Health Plan, a Health Savings Account (HSA) provides a tax-advantaged way to save and pay for qualified medical expenses.
HSAs are portable, which means individuals keep their accounts even if they change jobs or become unemployed. The account is owned by the individual, there is no “use-it-or-lose-it” provision, like a Flexible Spending Account. Unused contributions stay in your account with interest compounding on a tax-free basis.
HSA Resources - Click here to learn more about Merchants Bank & Trust’s Health Savings Accounts, or click the subjects below.
Simple to open and to fund!
At Merchants Bank & Trust, we make it easy for you to open and fund your Health Savings Account.
- Stop by any Merchants Bank location or contact Erika Newport-Hill (phone 812-637-3232)
- Fund with deposits at any of our branches
- Direct deposit a portion of your paycheck
- Transfer monies from your checking account periodically
Simple to use!
Pay qualified medical expenses by using checks or MBT HSA Visa® Debit Card. With our internet banking you can:
- Monitor your account
- Check your balance
- Log in to your account 24/7
- View account statements, account history and check images
To learn more about how Merchants Bank can help you, please contact our Health Savings Account expert, Erika Newport-Hill, at (812) 637-3232 or (513) 202-5788.
