Health Savings Account

A Health Savings Account That Pays

A Health Savings Account (HSA) may be a great option if you have a qualifying high-deductible health plan (HDHP). This unique savings plan has tax advantages to help fund out-of-pocket medical expenses, like doctor visits, vision and dental care, and prescriptions. The money is yours for as long as you need it, year-after-year, throughout different health plans or employers.

Benefits with a Heritage HSA:

• Earn 1.00% APY with our Health Savings Account¹
• No Fees | No Minimum Balance
• Pretax Contributions – Contributions to your HSA can be made with pretax dollars which means every dollar you contribute is a dollar saved (your employer may offer a payroll deduction option to help you make contributions on a pretax basis).²
• Tax-free Gains – Any gains on the money in your HSA are tax-free so you keep 100% of any money that your HSA savings or investments earn, boosting the amount of money you have to cover your out-of-pocket medical costs.
• Tax-free Withdrawals – You won’t pay taxes on money you withdraw for qualified medical expenses.

Rollover Eligible

• You do not have to be an eligible individual to make a rollover contribution from your existing HSA to a new HSA.
• Rollovers are not subject to the annual contribution limits.
• You do not need to wait for your insurance renewal period to rollover your HSA from another financial institution to Heritage.
• A rollover contribution is not included in your income, is not deductible, and does not reduce your contribution limit.
• Contributions are Tax/Pretax Deductible

Interested in a Health Savings Account? Just complete the form and a Heritage Investments Pro will contact you to talk about qualification!

¹APY = Annual Percentage Yield. Annual Percentage Yields are accurate as of 10/19/2022 and are subject to change. Fees or other conditions could reduce the earnings on these accounts. Rates may change after accounts are opened.

²Heritage Federal Credit Union does not provide tax advice and recommends speaking to a tax consultant for guidance.