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.

Summary
  • 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.

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