Health Savings Accounts

A Health Savings Account from Kellogg Community Federal Credit Union is a smart way to help manage your current and future health care costs.

What is aN HSA?

A Health Savings Account (HSA) is a special tax-advantaged saving account*, similar to an IRA, but is designed for medical expenses and to help make healthcare more affordable. To open an HSA, you must:

• Have a High Deductible Health Plan(HDHP)
• Not have any other major medical insurance coverage
• Not be enrolled in Medicare
• Not be claimed as a dependent

Benefits of a KCFCU Health Savings Account

• Easy access to funds via free KFCFU HSA Debit Card
• No fees for opening account
• Earn interest on tax-free funds
• No initial deposit or minimum balance requirement
• Monitor your account with KCFCUs Online Banking or CALL-24 audio phone service

For more information you may download the HSA brochure.

*Consult your tax advisor regarding the tax advantages of a health savings account