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Blue Button Health Savings Account

Farmers State Bank Develops a Health Savings Account
that's right for you.

As healthcare costs are continually rising, you can have the peace of mind knowing that Farmers State Bank can help maximize your benefits and reduce your costs as a custodian for your Health Savings Account (HSA).

Our HSAs are Easy to Setup, Access and Maintain

  • Low minimum deposit to open account
  • Low monthly maintenance fee
  • No transaction fees
  • Tiered interest rates starting at minimum balance of $1,000
  • Free FSB Mastermoney HSA Debit Card

 

Health Savings Account Features

  • $20.00 setup fee
  • Free FSB Mastermoney Debit Card
  • Free FSB Online Banking, including online statements and check images
  • No transaction fees
  • Monthly account statements
  • $50.00 opening deposit required
  • $3 monthly fee if balance falls below $2,500
  • Access to your account at convenient Farmers State Bank locations and ATMs

 

What is a Health Savings Account?

A Health Savings Account (HSA) is a deposit account created to help eligible individuals with a High Deductible Health Plan (HDHP) meet rising health care costs by saving for qualified medical expenses on a tax-deferred account.

A HDHP is a health insurance plan that generally offers lower premiums in exchange for a higher deductible

Advantages of HSAs

  • Ownership and control of account-even if contributions are made by your employer
  • Tax-advantaged contributions, earnings and withdrawals for qualified expenses*
  • Funds roll over from year to year-no need to worry about using up the balance by year’s end.


*Consult you tax advisor about the tax benefits applicable to Health Savings Accounts.
*10.00 fee for 50 checks

Eligible Medical Expenses

Health Savings Account FAQ