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A Health Savings Account, or HSA, is a tax-exempt account with a financial institution in which funds accumulate to pay for medical expenses. HSAs were created in response to the rising cost of health care and to give the consumer back the control of their health care costs. HSAs also give financial incentives for employers of all sizes to provide health insurance and for individual consumers to own health insurance. HSAs allow you to enjoy tax reductions while having affordable health insurance premiums.
Midland's Health Savings Accounts offer a variety of tax benefits:
Please consult with a professional tax advisor or legal professional for advice on tax implications.
Please contact our Customer Service Department or call us at 316-283-1700. We'll be glad to answer your questions.