These tax-advantaged accounts help you save and pay for future medical expenses, including insurance deductibles, copays, out-of-pocket expenses, and more.
Clearwater’s Health Savings Account helps you save and pay for a wide range of medical expenses. Contributions to this account are tax-deductible, earnings grow tax-free, and withdrawals are also tax-free when you use them to pay for qualified medical expenses.
Contact Us: 406-523-3300
APY = Annual Percentage Yield. Rates effective as of
| Min | Max | APY | Rate | Interest Accrues | Dividends Paid |
|---|---|---|---|---|---|
| $0 | $1,000 | —— | —— | Daily | Monthly |
| $1,001 | —— | 0.05% | 0.05% | Daily | Monthly |
If you’re a Montana resident, the Montana Medical Care Savings Account is a tax-advantaged account that helps you save and pay for medical expenses. Contributions are tax-deductible on Montana state income taxes, and you can use the funds to pay for a broad range of medical expenses, including insurance premiums.
Contact Us: 406-523-3300
APY = Annual Percentage Yield. Rates effective as of
| Min | Max | APY | Rate | Interest Accrues | Dividends Paid |
|---|---|---|---|---|---|
| $0 | —— | 0.05% | 0.05% | Daily | Monthly |
The IRS sets rules for contributions and withdrawals.
To open your account, please have the following items ready:
Qualified medical expenses vary by account type. For Health Savings Accounts, please visit the IRS website. Learn about qualified medical expenses for Montana Medical Savings accounts from the Montana Department of Revenue.
Yes. Because the Montana Medical Savings Account is state-specific, as long as you are a Montana resident, you can take advantage of the tax deductibility of both accounts. Please consult your tax advisor for specific tax implications.
Yes, you can have multiple health savings accounts, but the total contributions in all accounts cannot exceed the annual contribution limits.