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HSA Checking Account

If you have a High Deductible Health Plan an HSA Checking Account can help reduce out-of-pocket expenses.

  • Medical Expenses Plus Block
    HSA contributions, withdrawals for qualified medical expenses, and asset growth are all tax free.
  • HSA Checking Account Plus Block
    You own and control the money in your HSA Checking Account. Funds can be used whenever you need them. Unused funds rollover from year-to-year, allowing you to save for future medical expenses. The money in your account is also yours to keep, regardless if you switch employers.
  • HSA Plus Block
    Taxable income is decreased by having an HSA, so fewer taxes need to be paid out.
  • My Credit Union Gov Plus Block
    Your accounts are insured by the National Credit Union Share Insurance Fund to at least $250,000. Visit mycreditunion.gov to learn more about your Share Insurance Coverage and to access resources including a Share Insurance estimator tool, publications, videos, and more.

Get Started

Open in Any Branch

Qualifying Expenses

Use your HSA Checking Account to pay tax-free for:

  • Conventional medical expenses like doctor visits, prescription medication, dental, and vision care.
  • Treatments not typically covered by insurance including acupuncture, orthodontics, chiropractic care, and fertility treatments.

Note: Over-the-counter medication cannot be purchased with HSA funds without a doctor’s prescription. Additionally, HSA funds used to pay for non-medical purposes will be assessed a 20% tax penalty for the entire withdrawal.

HSA Checking Account Offers

  • No minimum balance, monthly service charge, or per check fees
  • Federal recurring payment, ACH, and payroll deposit-friendly
  • Free Visa® Debit Card
  • Free first box of checks
 

Health Savings Account Rate

APY
0.05%
DIVIDEND RATE
0.05%
MINIMUM TO OPEN
$5

View all rates and disclosures

 

Verify your eligibility with your insurance provider, but generally you are eligible for an HSA if you are:

  • Covered by a High Deductible Health Plan (HDHP) that does not have co-payments;
  • Not covered under another medical plan that is not an HDHP;
  • Not enrolled in Medicare
  • Not eligible to be claimed on another person’s tax return.
 

HSA contributions are based on whether you are contributing as an individual or for a family:

  • 2018 Individual - $3,450
  • 2018 Family - $6,900
Individuals age 55 and older can also make additional catch up contributions of $1,000 per year.

What info do I need to determine the maximum annual contribution allowance for my HSA Checking Account?

Useful Resources

Use our calculator to compare a Health Savings Account with a traditional health plan.

HSA Calculator
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