People with high deductible health insurance plans are eligible to open a Health Savings Account (HSA) at Mid America Bank. Funds deposited to your HSA may be tax deductible, along with any earnings on the account. A high deductible health insurance plan may provide substantial savings in insurance premium costs. Funds in your HSA may be used to pay your qualified medical expenses on a tax-free basis. As a bonus, any funds in your HSA account that you don't need to use for medical expenses, along with earnings on those funds, are allowed to grow tax free as a retirement savings plan. Click here to find answers to your questions about HSAs provided by the US Department of the Treasury.

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