Health Savings Accounts

Writing a check

 
HEALTH SAVINGS ACCOUNT

This is a federal tax-exempt savings account used to pay for qualified medical expenses.  Customers must be enrolled in a high deductible health plan to qualify.  There are no minimum balance requirements and no monthly fees.  Check images are returned in a monthly statement.  Checks or debit cards are issued.  Please contact Basin State Bank for more details and current rate and annual percentage yield.

 
MONTANA MEDICAL CARE SAVINGS ACCOUNT (MSA) 

This is a Montana State tax-exempt savings account used to pay for medical expenses.  There are no minimum balance requirements however; the maximum amount that can be used to reduce Montana taxable income is limited to $3,000.00 annually for each tax payer.  A passbook is given to the customer in lieu of a monthly statement.  Please contact Basin State Bank for more details and current rate and annual percentage yield.

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