What is a Health Savings Account?

Health Savings Accounts (HSA) combine the protection of health insurance with a tax-advantaged savings account. In order to take advantage of the benefits of a Health Savings Account, you need to be enrolled in an HSA-eligible health insurance also referred to as a High Deductible Health Plan (HDHP). On the insurance side, you receive affordable, name brand insurance with additional flexibility and benefits unique to HSAs. From your HSA, you can pay for medical expenses on an income tax-free basis.

How Our HSA is Better!
We don’t charge the fees commonly associated with HSA accounts! As your credit union, we realize this account is being used to help you save for health care expenses. We don’t believe the customary fees should be charged because this account is for saving for these expenses

Regular Health Savings Account with added benefits!
  • Interest Earning Checking Account
  • No Minimum Balance Requirement
  • No Monthly Fee
  • Access your funds via a free specially-marked MasterCard debit card
  • Online Access 
  • You may designate authorized users, (but no joint owners)  

Additional information is available from the U.S. Government Office of Public Affairs. These are provided as general information only. Your employer or a tax adviser can help you determine if you are eligible to open an HSA and provide you with the contribution limits that apply to your situation.

*ATM and/or debit card will be issued subject to our usual credit criteria.