Basic Idaho Medical Savings Account
Handle medical expenses as they arise with tax-free savings.*
There are many perks to living in our great state, including the opportunity to save, tax-free, for your medical costs. Our Basic Idaho Medical Savings Account is available to all residents, without restrictions. Take advantage of this unique account to ensure your medical needs are covered.
- Tax-free savings for qualified medical expenses*
- Contributions are tax-deductible at the Idaho State level*
- Available to all Idaho residents, with no restrictions
- $500 minimum daily balance required to earn competitive interest and avoid a monthly service charge
- No annual fee
- Savings roll over from year to year
- Limited customer service and support
- Paper statements available for $1.25 per month or e-statements at no charge
- Free IndependentAccess®online banking
- $50 minimum deposit to open
- Compare to Premier
*Idaho Independent Bank does not render tax advice. For more information, consult your tax advisor. This page does not provide full explanation of tax laws or regulatory guidelines.