Health Savings Account
Farmers Bank offers Health Savings Accounts (HSA) for our customers. A Health Savings Account is used in conjunction with a High Deductible Health Insurance policy and allows users to save money tax-free for medical expenses.
Benefits of a Health Savings Account at Farmers Bank of Northern Missouri:
- No Minimum Balance
- No Service Charge
- No Limit on Number of Withdrawals
- Funds roll over from year to year
- Convenience of paying qualified medical expenses at the doctor's office or pharmacy
- Daily limit of $1,000
- Debit Card
- 40 free checks
For more information on the limitations on Health Savings Accounts please visit the U.S. Department of the Treasury's website or speak with a tax professional.
To open a Health Savings Account please visit one of our convenient locations today!