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Self-Help Credit Union

Health Savings Account

Be ready for health expenses AND get tax advantages

Save for future medical expenses by contributing pre-tax or tax-deductible dollars to your HSA. You can easily access your money when you need it, and unused funds roll over from year to year, so you can keep building your savings.

Features of Our Health Savings Accounts

  • Must be used with a High Deductible Health Plan and some other restrictions apply (check with your employer regarding your eligibility).
  • Your employer can also make your contributions.
  • Account remains with you regardless of change in coverage or employment.
  • Free HSA debit card (digital wallet compatible) with optional checks.
  • HSA funds generally are tax-free and investment earnings are tax-deferred, but consult a tax adviser about your specific situation.

Benefits

  • Competitive interest rate
  • Funds insured up to $250,000
  • Free access to participating ATMs across the nation
  • Online banking
  • Mobile banking
  • Free audio-banking and eStatements

Eligibility

HSAs are used in conjunction with high-deductible health plans (HDHPs), a type of health-insurance plan that typically has a higher deductible but a lower premium. To be eligible for an HSA, you must meet the following requirements:

  • Be enrolled in a qualified high-deductible health plan.
  • Not be covered by a health insurance plan other than an HDHP or another allowable plan.
  • Not be enrolled in Medicare.
  • Not be claimed as a dependent on another person's tax return.
HSA

How to Apply

Existing Members

Existing members can apply for Accounts by visiting one of our branches or by mailing in a printed application

New Members

Not a member yet? No problem. Visit our "Join Us" page to learn about eligibility and how to join Self-Help Federal Credit Union.
Schedule of fees: English Spanish