Health Savings Accounts

The smart, tax-free to save and pay for healthcare services.

Health Savings Accounts (HSA) are a smart way to save and pay for healthcare-related services and products not covered by your health insurance. Your tax-free account balance rolls over from year to year, allowing you to use your HSA as both an immediate solution and a long-term investment.

Why an HSA benefits you

  • Contributions to your HSA are tax deductible
  • HSA Debit Card available with account
  • Keep your HSA even if you change jobs
  • No “use it or lose it” policy, your unfunds roll over each year
  • Federally insured by the NCUA

Ways to use your HSA

You can use your HSA for any qualified medical expense:

  • Medical, Vision, Dental Care
  • Prescription Drug Expenses
  • Physical Therapy, etc.

How does an HSA affect your taxes?

Your HSA has multiple tax benefits:

  • Tax-free earnings
  • Tax-free withdrawals ( for qualified medical expenses)
  • Tax-deductible contributions when you deposit into your account

HSA Eligibility (Individual or Family)

Coverage for 1 or coverage for 4 – let us work with you to find the right fit! You may be eligible if you are:

  1. Covered by a high deductible health plan*
  2. Not enrolled in Medicare
  3. Not claimed as a dependent on someone’s federal income tax return

Rates

IRA & HSA Variable

Dividend Rates Effective September 1, 2021

TermDividend RateAnnual Percentage YieldMinimum Balance
to Open/Obtain
Annual Percentage
Yield
IRA Variable0.30%0.30%$0.00
HSA Variable0.05%0.05%$0.00
Rates are subject to change without notice once the account has been opened. Fees may reduce earnings. Stated minimum opening balance is required to obtain Annual Percentage Yield on all deposit accounts.

View Disclosures