Health Savings Accounts (HSA)
An HSA may help you and your family stay on top of rising health care costs. With its special tax benefits, a health savings account (HSA) is a valuable tool for setting aside money to pay for medical expenses. Make tax-deductible contributions, and enjoy tax-free earnings when you use the assets to pay for qualified medical expenses for you and your family. HSAs are designed specifically for individuals who have chosen a high-deductible health plan (HDHP). To find out if your insurance is considered an HDHP contact your HR department or insurance agent to determine if you are eligible. For more information about HSAs, contact one of our representatives at any BACU office or call 800-526-0579.