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A healthier insurance option.
You may be eligible to take advantage of Health Savings Accounts - an innovative way to save for medical expenses that was created as a result of the Medicare Prescription Drug, Improvement and Modernization Act of 2003.
FirstMerit Health Savings Accounts are accounts that may allow your for qualified medical expenses to be used to your advantage for tax purposes.
You are eligible if you're:
- Covered by a qualified High Deductible Health Plan (generally a health insurance plan with a minimum deductible of $1,000 for self-coverage and $2,000 for family coverage) and not covered by any other health plan that is not a High Deductible Health Plan. Check with your employer regarding deductible amounts.
- Not enrolled in Medicare.
- Not claimed as a dependent on someone else's tax return.
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With FirstMerit Health Savings Account products, you can:
- Save money on health insurance and taxes.
- Earn money on your investment just like an IRA account.
- Take advantage of more options with your healthcare dollars.
- Save more easily for future medical expenses.
- Roll balances over from year to year.
FirstMerit offers the following Health Savings Account services - FirstMerit Health Checking, FirstMerit Health Money Market, and FirstMerit Health CDs. For current rate information, please call the FirstMerit contact center at 1-888-554-4362.
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