Personal Health Savings Account (HSA)

Overview

A smart way to manage
health care expenses

Stretch your budget with a SEFCU Personal HSA. Fund it with pre-tax dollars, then use it towards qualified health care expenses. Your withdrawals and any earnings are tax-free.

Triple Tax Advantage*

Contributions = Tax-free
Withdrawals = Tax-free
Investment Gains = Tax-free

Features & Benefits

Save and pay for health care

Contributions, qualified withdrawals and asset growth are all tax-free
Must be paired with a High Deductible Health Plan (HDHP), which could mean lower premiums
HDHPs generally don’t cover medical expenses up to the annual deductible
An HSA can help cover those out-of-pocket expenses/charges not covered by your plan
You decide how and when to contribute
Keep the money if you move, change jobs, or change health care providers
Great option for self-employed or uninsured members
You may not qualify if you’re covered by a policy other than HDHP, Medicare, a general purpose Flexible Spending Account (FSA), or Health Reimbursement Account (HRA)
Contact your benefits manager or tax advisor to check eligibility

Compare

See which account is best for you

Health Savings Account

Immediate access to funds
Triple tax advantage*
Pay for qualified health care expenses now
Unused balance rolls over to the next calendar year

HSA Share Certificate

Access funds for 6-24 months
Earn a higher dividend
Pay for qualified health care expenses later
At maturity, funds can be rolled over into a new share certificate or deposited into an HSA Checking account

View HSAs