National City Corp. in Cleveland said Tuesday that it has hired Medical Mutual to be a custodian of its health savings account program.
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HSAs let people establish tax-favored savings accounts for health-care expenses when they have a qualifying high-deductible health insurance policy.
The HSA products of Medical Mutual, a Cleveland health insurance company, can be opened by any person who buys a qualified high-deductible health plan either on his or her own or through a qualified high-deductible health plan offered by an employer.
Members may withdraw from their accounts using checks, a debit card, or National City automated teller machines.
