Health Savings Account*
Open an account today!
- No minimum opening deposit
- Claim a tax deduction on Contributions you make**
- Contributions remain in your account until you use them
- Distributions used to pay for qualified medical expenses may be tax free**
- No minimum balance required
- No monthly service charge
- Free Modern Woodmen Bank HSA checks
- Free online banking
- Free mobile banking
- Free MasterCard® debit card
- Free debit card transactions for qualified medical expenses**
- Rewards – Earn rewards points that you can exchange for a wide assortment of merchandise, travel, or gift cards through the ScoreCard® program
- Free unlimited online bill payment for qualified medical expenses**
- Competitive interest rates
- Interest earned daily, paid to your account monthly
- Interest earnings are tax free**
*Must be enrolled in a High Deductible Health Plan. All contributions and distributions are considered “Current Year”.
**Please visit www.irs.gov or consult your tax advisor for specific questions regarding your taxes and pre-tax benefits on a Health Savings Account.