Health Savings Account
First Credit Union provides Health Savings Accounts (HSA) that help in the payment of current and future medical expenses. Contributions are tax deductible and earnings can be tax deferred or tax free if used to pay qualified medical expenses not covered by insurance. Health Savings Accounts feature:
- Low $25 opening fee
- No "use it or lose it" rule
- Debit card for primary member
- Penalty free distributions after age 65
Once open, anyone can contribute to your First Credit Union HSA, including the owner's employer. Visit any branch to open a Health Savings Account.