UMB Bank has partnered with Humana Inc. to offer health savings accounts.
An HSA is a tax-favored savings account used in conjunction with a high-deductible health insurance plan. It is designed to give individuals more control of how their money is spent on health care. UMB Bank HSAs provide an incentive to save for future health care expenses and retirement.
UMB Bank provides checkbooks and debit cards to be used to draw on HSA funds, hold money contributed to HSAs, issue financial statements, and even handle associated tax reporting requirements.