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Health Savings Accounts What Is A Health Savings Account How Will I Save Money With An HSA How Can I Fund My HSA What Can I Use My HSA Funds For How To Set Up Your HSA Account
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How To Set Up Your HSA Account

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Once your health insurance application has been approved, Michigan Farm Bureau will send you an application to sign up for the investment portion of your Health Savings Account through our preferred vendor, HSA Bank.

HSA Bank is located in Sheboygan, Wisconsin, one hour north of Milwaukee. HSA Bank is an industry leader providing Health Savings Account Administration in all 50 states and Washington D.C. HSA Bank is FDIC insured.

HSA Bank offers the most attractive mix of competitive interest rates and low fees. They offer higher interest rates on HSAs than most banks offer on traditional savings or money market accounts. Their current rates are available at http://www.hsabank.com. Your account will also have low balance requirements that allow you to earn higher rates of interest faster. Additionally, when you maintain a balance of $3,000 or more in your account, HSA Bank will waive your monthly fee.

HSA Bank offers a variety of contribution and withdrawal methods to provide you with quick and easy access to your account. Contributions can be make by check or electronic transfer from your personal checking account. Withdrawals can be made by using your HSA Bank Debit Mastercard, by check or withdrawal form.

You can also put your HSA funds to work for you through a brokerage account that you direct. Brokerage accounts are not for everyone, so please consider carefully. Additional trading fees may apply. Funds in your brokerage account are not FDIC insured, not bank guaranteed and may lose value.