Health Savings Accounts
If increases in medical expenses are taking up a larger share of your budget, an HSA may help you reduce those expenses.
We offer an HSA Checking Account with a free HSA Visa® Debit Card. If you have a High Deductible Health Plan, you can use your HSA Checking Account whenever you need to pay for qualifying medical expenses. You’ll enjoy earning daily dividends on your account, no monthly service charges, no minimum balance requirements, and no per check fees. Plus, your first box of checks are free.
High Deductible Health Plan (HDHP)
An alternative form of health insurance where plan holders pay lower premiums in exchange for a higher deductible.
Qualified Medical Expenses
The Internal Revenue Service defines qualified medical care expenses as amounts paid for the diagnosis, cure, or treatment of a disease, and for treatments affecting any part of function of the body. The expenses must be primarily to alleviate a physical or mental defect or illness. Visit the IRS website for a more detailed list of qualified medical expenses.
HSA Visa Check Card
Your Hudson Valley Federal Credit Union HSA Visa Check Card is the perfect companion to your HSA Checking Account because of the versatility and convenience it offers. Use your card instead of cash or checks to pay for qualifying medical expenses at merchants that accept Visa.
Verified by Visa
Shop with confidence online when you enroll your HSA Visa Check Card in the Verified by Visa program. This additional level of protection verifies account ownership at the time you make online purchases through the use of a secure password. Verified by Visa authenticates your information and sends the online merchant a confirmation that your identity has been verified. This ensures that only you can use your card online at participating stores.
- Verified by Visa is a free service. Register your HVFCU HSA Visa Check Card online at the Verified by Visa website.
- If at any time you forget your Verified by Visa password, call 800.857.3118 for assistance.