Put Your Health First.
Our Health Savings Accounts are here to assist you with planned and unplanned medical expenses. We have a variety of options as you look to put money away and put your health first.
Health Savings Account
A Health Savings Account, or HSA, is a tax-exempt custodial account established to pay qualified medical expenses in conjunction with a "High Deductible Health Plan," or HDHP.
A High Deductible Health Plan is an alternative to traditional PPO and HMO plans. In exchange for a lower monthly premium, you accept responsibility for a higher amount of out-of-pocket expenses. Federal law sets the minimum requirement for what constitutes a High Deductible Health Plan. Please see the table at the bottom of the page for details.*
Health Savings Debit Card Account
A Health Savings Debit Card Account provides convenient access for payment of medical expenses. Like the Health Savings Account, withdrawals are restricted to qualified medical expenses.
Both the Health Savings Account and Health Savings Debit Card Account have two tiers: You will earn a higher rate for balances over $10,000.
Health Savings Certificate
We offer 12-, 36- and 60-month Health Savings Certificates, which are just more vehicles for saving for your health care costs.
*Minimum Requirements for High Deductible Health Plans:
Health Savings Account Limits
| Maximum Contribution Limits | 2023 | 2024 |
|---|---|---|
| Single HDHP | $3,850 | $4,150 |
| Family HDHP | $7,750 | $8,300 |
| Limit #1 to Qualify as a HDHP – Minimum Annual Deductible | ||
| Single Coverage | $1,500 | $1,600 |
| Family Coverage | $3,000 | $3,200 |
| Limit #2 To Qualify as a HDHP –Maximum Annual Out-Of-Pocket | ||
| Single Coverage | $7,500 | $8,050 |
| Family Coverage | $15,000 | $16,100 |
| Individuals age 55 and Older Can Also Make Additional “Catch-Up” Contributions of | $1,000 | $1,000 |
See our Fees & Disclosures page for additional account information and terms.
Make your home work for you.
With a home equity line of credit from CCU, you can make repairs, consolidate debt and take a vacation!