What are the benefits of a Health Savings Account?

A Health Savings Account (HSA) provides a convenient, tax-advantaged way to save and pay for eligible healthcare expenses.

 

At Veridian Credit Union, members can take advantage of interest-bearing HSA Savings and Checking Accounts, convenient access with a Visa® Debit Card, and the ability to invest HSA funds in Certificates of Deposit (CDs).

 

Additional benefits of an HSA include:

• Funds can be used for a wide range of eligible medical, dental, and vision expenses.

• Your account stays with you, even if you change jobs, retire, or switch health plans.

• Unused balances continue to roll over year after year.

• Savings can help offset unexpected healthcare expenses and future medical costs.

• Interest-earning and investment options can help your healthcare savings grow over time.

• Convenient access to funds when qualified healthcare expenses arise.

 

Whether you're planning for routine medical expenses or future healthcare needs, an HSA can be a valuable tool for managing healthcare costs.

 

Consult a tax professional regarding your specific tax situation.