Better Manage Your Medical Expenses
An HSA (Health Savings Account) from Bank Michigan enables you to pay for qualified medical expenses with pre-tax dollars. By using the untaxed dollars in your Bank Michigan HSA to pay for deductibles, copayments, coinsurance, and some other expenses, there's a good chance you'll be able to lower your overall healthcare costs.
Know the Requirements
While you can use the funds in an HSA at any time to pay for qualified medical expenses, there are certain restrictions and you may only contribute to an HSA if you have a High Deductible Health Plan (HDHP).