Health Savings Accounts

Here are some of the benefits of an HSA account and how it differs from other types of savings accounts:

• There are no monthly fees for an HSA account with AGCU.
• You can access your money easily with a Free HSA debit card.
• Contributions to HSAs are tax-free.
• The balance in your HSA rolls over year after year. There is no “use it or lose it” rule, so you will not forfeit any accrued funds.
• Money in your HSA account can be used to pay for qualified medical expenses for yourself, your spouse, and dependent children.
• HSAs are portable. You can keep it even if you change jobs, change medical coverage, become unemployed, move to another state, or change marital status.

For more information about HSAs (including annual contribution rates), visit the Internal Revenue Service HSA website.

*Includes most medical care and services, dental care, vision care, and prescriptions