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