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  • Health Savings Account (HSA) 2017-08-16T09:56:15+00:00

    Health Savings Account (HSA)
    Stay on Top of Your Medical Expenses

    Call 800.845.5025

    Features

    Easy Access

    You can use your debit card to pay for qualified medical expenses.

    Account Tracking

    HSA spending can be monitored through Online & Mobile Banking

    No Minimum Balance Required

    We don’t charge a fee for a low balance.

    Tax-Related Perks

    You get tax-free earnings1 and tax savings when you contribute1.

    Earns Dividends

    Balances of $15,000 and over earn 2.00% APY2.

    Reliable Protection

    Your money is federally insured by the NCUA.

    What is an HSA?

    An HSA is a savings account that allows you to put money aside on a pre-tax basis for qualified medical expenses. It can only be used if you meet the qualifications below. These accounts earn dividends, and your money rolls over from year to year if you don’t spend it.

    Who Qualifies for an HSA?

    To be an eligible individual and qualify for an HSA, you must meet the following requirements:

    • You are covered under a High Deductible Health Plan (HDHP)
    • You have no other health coverage except what is permitted under “Other health coverage,” listed on IRS.gov
    • You are not enrolled in Medicare
    • You cannot be claimed as a dependent on someone’s tax return1

    2017 Contribution Limits

    Contributions can be made by you or your employer up the maximum limit specified by law. Individuals age 55 and older can make an additional $1,000 catch-up contribution.

    Single

    $3,400

    Family

    $6,750

    HSAs Earn Dividends

    HSA Rates
    BalanceAPY2
    $15,000 and over2.00%
    $5,000 to $14,999.991.50%
    $2,500 to $4,999.991.00%
    $500 to $2,499.991.00%
    $100 to $499.990.50%
    Accurate as of 08/15/20172

    How Health Savings Accounts Work

    June 25th, 2017|HSA|

    An HSA is a savings account that allows you to put money aside on a pre-tax basis for qualified medical expenses. It’s available to members who are enrolled in a high-deductible health care plan.

    Fees

    See our Fee Schedule for a list of fees you may encounter.

    FAQs: You Asked. We Answered.

    Can’t find what you’re looking for? Ask us! 2017-08-15T16:52:05+00:00

    Disclosures

    1 Please consult your tax advisor to determine your specific tax situation.

    2 APY = Annual Percentage Yield. Balances of 0 to $99.99 earn 0.00% APY. Balances of $100 to $499.99 earn 0.50% APY. Balances of $500 to $4,999.99 earn 1.00% APY. Balances of $5,000 to $14,999.99 earn 1.50% APY. Balances of $15,000 and over earn 2.00% APY. Rates are accurate as of 8/15/2017. No minimum opening deposit or balance is required. Fees may reduce earnings.  The rates stated on these products are subject to change.