Your health is important. Prioritize your care with an account dedicated to helping you save for medical expenses.
Key Features
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Competitive Dividends
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No "Use It or Lose It" Policy
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Tax Advantages1
Benefits
Navigate the benefit of tax-advantaged savings with Intrepid Credit Union's Montana Medical Savings Account (MSA) – your gateway to a healthier, wealthier future. Our health savings account provides a solution for managing your medical expenses and helps you build a stronger health-focused financial plan.
- Allows members to save for medical expenses
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Not only for the account holder, but anyone they choose.
- Reduce Montana State income taxes and earn tax-deferred dividends1
- Dividends are compounded daily when account balance is $100 or greater and paid monthly
- Maximum of $4,500 per year in contributions
- Withdrawals must be for medical expenses as defined by the State of Montana
- Contributions cannot be deducted from Federal Income Tax Returns
- Reporting is self-administered by the member
- Funds in the account cannot be used as collateral for share secured loans
- No annual requirement that the funds be used during the tax year deposited
- Unused funds remain in the account for future medical payments and earn interest tax free
- Free digital banking
- No minimum deposit to open
1Consult a tax advisor.
