Products and Services

First Choice Health Savings

Make The First State Bank of Munich your first choice for a Health Savings Account (HSA). With your First Choice HSA you’ll be in control of your health care needs now and in the future. Take advantage of the tax breaks and freedoms you’ve been given to decide the right health care coverage for you.

What is an HSA?

The Medical Act of 2003 expanded the health benefits available to consumers by authorizing the use of HSAs. An HSA can be used for paying qualifying medical expenses not typically covered by a High Deductible Health Plan (HDHP) for you and your family. Your HSA is a tax free contribution that you can use or rollover year to year which may also provide benefits similar to many tax-favored retirement plans. You make the choice to save or spend.

HSA program requirements:

1. High Deductible Health Plan. Select a plan right for you from any authorized insurance provider. As always, consult your personal tax advisor to assess your own personal tax situation.
2. First Choice Health Savings Account:
• Available to qualifying individuals
• No minimum balance requirements
• Competitive variable interest*
• Free Deluxe HSA checks
• Unlimited check writing
• Free FSBM HSA Check Card to qualifying customers
• Free access to Dial-a-Bank and FSBMe-Banking
• Interest compounded and credited monthly
• Low annual fee

Click here for an HSA quick reference guide.

For more information on program requirements, visit www.irs.gov

The First State Bank of Munich employees cannot give tax advice under any circumstances. Please contact your personal tax advisor to determine if this program is right for you.