Save for qualified medical expenses1 with a Health Savings Account (HSA) from PlainsCapital Bank. With this account, you can make tax-deductible contributions and use the funds to pay for medical expenses – including doctor visits, prescriptions, and vision and dental expenses – for you, your spouse, and your dependents.
With an HSA, you can deposit money into an interest-bearing account and deduct the contribution on your tax return. There is no deadline for when you have to spend the money. You can roll over the funds each year and use them when you need them. In addition, the account offers the following benefits:
In addition, to qualifying for an HSA and receiving all the benefits, you:
1If HSA money is used for anything other than a qualified medical expense, the money used is taxable and will also be penalized an additional 10 percent.
2The debit card transactions will not be authorized in restaurants, bars, hotels, or gambling venues. You can make a withdrawal from your PlainsCapital Bank Health Savings Account via check, debit card transaction, or ATM withdrawal. Cash withdrawals can be completed at any PlainsCapital Bank location.