SAVINGS

HEALTH SAVINGS ACCOUNTS

A Health Savings Account from KCCU 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 savings 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 KCCU HEALTH SAVINGS ACCOUNT

  • Easy access to funds via free KCCU 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 KCCU’s online banking or our phone banking service

For more information, download the 2016 HSA Brochure  *Consult your tax advisor regarding the tax advantages of a health savings account

BACK TO TOP