Health Savings Account (HSA)

A free benefit for your employees

If you offer a high deductible health plan (HDHP),
you and your employees may qualify for a health savings account (HSA).

Helping reduce the cost of healthcare

Healthcare can be costly and confusing. health savings acount is a wonderful benefit you can offer your employees. Not only do we offer some of the highest dividends in the industry and convenient access to the funds – the account is FREE for you and your employees. No set up fees. No monthly, quarterly or annual fees.

Tax-deductible contributions

Tax-free accumulation of interest

Tax-free distributions for qualified medical expenses

No minimum balance or added fees

Convenient, medical-expenses-only debit card

Opening an HSA

As a business owner, you can provide HSAs to your employees as long as they are eligible (see FAQs). Start the process online today.

1
Online Application
2
Account Opening

Rates as high as APY*

All Rates

Frequently Asked Questions

You can spend your HSA money tax-free, on out-of-pocket qualified medical expenses. These include co-payments for medical care, prescription drugs, medical bills not covered by insurance and more. The IRS determines what is considered a “qualified medical expense”. You can review the most updated list at IRS Publication 502.
Visit the IRS website for the most current information on annual HSA contribution limits. Once you reach age 55, you can make an additional “catch-up” contribution each year until you enroll in Medicare. However, once enrolled, you are no longer eligible to make contributions to your HSA.
To open an HSA you must have a high deductible health plan (HDHP). Check with your insurance carrier or employer to see if you qualify for an HDHP. In addition;
- No other health coverage except what is permitted by IRS Publication 969
- You cannot be enrolled in Medicare
- You cannot be claimed as a dependent on someone else’s tax return

All rates are subject to change. Early withdrawal penalties may apply. For all other terms and fees for each account, contact your branch for the applicable disclosure statement(s). Any fees assessed could reduce earnings on this account. Other terms and conditions may apply, see Credit Union for full details.

Rates

Health Savings Account (HSA)

HSA⁸ Tier

Base Rate*

APY*

Rates effective as of: September 19, 2024

Rates and terms may vary based on a borrower’s credit qualifications. All loan rates are determined by Credit Union management and subject to change at any time. The Credit Union may offer other rates in the future. All services offered by the Credit Union shall be subject to applicable laws of the State of Oregon, federal laws and regulations, Credit Union bylaws and all regulations, rules and practices now or hereafter adopted by the Credit Union. All loans subject to credit approval.

*The share account Base Rates and Annual Percentage Yields shown are the prospective rates and yields the Credit Union anticipates for the applicable Dividend Periods.

8 Dividends will be compounded daily and credited monthly.

Example table

Column Title

Cell Value