Health Savings Accounts

Do you need a Health Savings Account (HSA)* or Individual Retirement Account (IRA)? Michigan Heritage Bank can open these accounts for you! The amount you contribute to your HSA and/or IRA can reduce your taxable income. You don’t have to itemize to take this deduction. Open an HSA or IRA before April 15, to reduce your previous year income taxes. Contact your branch or call 1-800-914-3524 for more information.

*HSA accounts require your participation in a ‘high deductible’ health insurance program. Contributions to IRAs and HSAs may have certain income and contribution requirements. Contact your tax or financial advisor to determine whether either of these products is correct for you.