The easy way to save and pay for healthcare expenses.
Key Features
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Tax Advantages*
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No Monthly Service Charge
Details
What is a Health Savings Account (HSA)?
An HSA is a tax-exempt account you set up to save for and pay or reimburse certain medical expenses you incur from coverage under a high deductible health plan (HDHP). You must be an eligible individual to contribute to an HSA.
Benefits of an HSA
- Tax deductible contributions can be made by you, your employer, or any other person
- Tax free payment of qualified* medical expenses
- Rolls over each year, with no "use or lose" penalty
- It's portable and stays with you if you change employers or leave the workforce
Why Choose a Meritus Credit Union HSA?
- No monthly fee
- No minimum opening balance or monthly balance requirement
- Free Visa® debit card to pay for healthcare expenses
- Earn dividends on balances of $500 or more
- Setup automatic deposits to your HSA
- Free digital banking services
Eligibility
Consult IRS Publication 969 or your tax advisor for eligibility requirements.
Open an Account
Please visit a branch for assistance.
*Visit the IRS website for rules regarding a Health Savings Account. Meritus Credit Union cannot offer tax advice. Please consult IRS Publication 969 or your tax advisor for any tax questions.