Health Savings Accounts
Enjoy a tax advantage account that can help you pay for qualified medical, dental, and vision expenses.
Why Choose a FSCB Health Savings Account?
This is an account that has tax benefits associated with using funds to pay for qualified medical expenses. It takes just $50 to open the account and works side-by-side with your health insurance to provide advantages through tax benefits.
If you have a high deductible insurance plan and want tax deductions on your contributions, this is a great option for you. Not only do you get tax free earnings but also tax free withdrawals when used for eligible health care costs.
Key Features of a Health Savings Account
Mastercard ID Theft Protection
Peace of mind knowing your personal information is protected through our MastercardR ID Theft Protection.Money Management Resources
Resources to help you track your budget, monitor spending, and gain insights into financial habits through our money market tools.Funds Roll Over From Year to Year
This is not a “use it or lose it” account. You have the flexibility to roll funds over from year to year if they are unused.
Tips to Save:
- Go paperless and enroll in electronic statements to avoid a $3.00 monthly paper statement fee.
- Maintain an average daily ledger balance of $1,000+ to avoid a $2.00 monthly service charge.
Stop By a Branch Near You to Open an Account Today
Whenever you’re ready to start your financial journey, we are here to help you find the best option for you.
Opening Deposit: $50
Frequently Asked Questions
The Health Savings account is ideal for individuals with a high-deductible insurance plan who want to save for qualified medical, dental, and vision expenses while enjoying tax-free contributions, earnings, and withdrawals.
Maintain an average daily balance of $1,000 or more to avoid the $2 monthly service charge, and enroll in electronic statements to eliminate the $3 paper statement fee.
Your funds roll over year to year, and you’ll receive a First State Community Bank Debit Mastercard for point-of-sale purchases, plus free digital banking with mobile deposits, bill pay, and e-statements for convenient account management.
