The Bank of Missouri: Save Today with Health Savings Accounts

Save Today with Health Savings Accounts

In today's society, mounting healthcare premiums and medical expenses may put you and your family's financial future in jeopardy. The Bank of Missouri offers you a plan to ease your mind and your pocketbook of your healthcare costs.

The Health Savings Account (HSA) provides you and your family an opportunity to look ahead to your financial future and worry less about paying a co-pay at the doctor’s office. Our HSA is an interest-bearing checking account that works in conjunction with your High Deductible Health Plan (HDHP). It allows you to pay your qualified medical expenses, from a doctor's visit to over the counter medications and prescriptions, directly from the account using your debit card or check.

In addition to the convenience, an HSA may enhance your tax benefits. Here’s how:

Tax-deductible contributions
Earnings on the account are tax-deferred
For qualifying medical costs, the assets of your account are tax-free
Assets within the account may act as another retirement account after achieving retirement age
A named beneficiary receives the assets upon the account owner's death

Employers who wish to provide an affordable healthcare benefit to their employees are seeing the rewards of offering HDHP and HSA options. Both employers and employees can contribute to the HSA.

Healthcare doesn't have to cost an arm and a leg. Let the professionals at The Bank of Missouri help you establish an HSA today.

For more details or an application, please contact us.