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Health Savings Account

In response to the rising cost of health care, Harvesters Credit Union is now offering Health Savings Accounts to our members. An HSA is a government-sponsored investment option created to help individuals save for current or future health care expenses on a tax-free basis.

Advantages of an HSA:

  • Allows you to save for high or unexpected medical bills
  • Lower insurance premiums by switching to a high-deductible health plan
  • No use-it or lose-it provision so funds remain in the account from year to year
  • Receive a tax deduction when you make a contribution to your account
  • Earnings grow tax-free
  • Tax-free withdrawals for qualified medical expenses*
  • Account is owned by you so funds remain even if you change employers
* Individual circumstances may vary, consult your tax advisor.

Harvesters Credit Union HSA offers:

  • $5 minimum deposit to open
  • No monthly service charges
  • No limit on the number of withdrawals you can make
  • Payroll deduction available
  • Unused balances may be carried from year to year
  • NCUA insured up to $250,000