Are you looking to take control of your healthcare expenses? Looking for another saving vehicle for your future? E Federal’s Health Savings Accounts may be for just what the doctor ordered!

 

Health Savings Accounts (HSAs) from E Federal Credit Union are a great way for both consumers and businesses take control of soaring health insurance expenses.  Health Savings Accounts (HSA) provides you with an excellent tax-preferred savings option for a wide range of medical expenses. In order to take advantage of the benefits of a Health Savings Account, you must be enrolled in qualified HSA-eligible health insurance also referred to as a High Deductible Health Plan (HDHP).

 

 With an HSA, you enjoy the following advantages:

·         Triple Tax Savings - Tax-free deposits up to a federally established annual limit (similar to an IRA), tax-free dividend accrual, and tax-free withdrawals for a vast range of eligible medical expenses — including over-the-counter medications and many types of non-traditional treatments.

·         Annual Rollover - There is no “use it or lose it” penalty with HSAs. Your HSA funds roll over from year to year.

·          Portability - It doesn’t matter if you change jobs, insurance plans, or even marital status — your HSA belongs to you!

·          Control - You are in charge.  You decide where to open your HSA, how much to contribute, when and how much to withdraw, and when and where to invest your earnings.  With our Care Counselor online tools, you can comparison shop for healthcare just as you would for a car.

·          Flexibility - Anyone can contribute to your HSA — you, your employer, even a third party.  You can also use your HSA funds to pay for eligible medical expenses for family members not covered under your health plan.

 

With an E Federal HSA, you will receive additional benefits including:

·          Competitive tiered interest-bearing account

·          HSA Debit Card and HSA Checks to access your account

·          Easy and convenient online set-up and funding

·          Top-notch online database of health information

 

And all this from a local, convenient and secure financial institution that you can trust. Don’t just be good to your health. Be GREAT with an E Federal Health Savings Account.

 

 For more information and to sign up for your HSA, contact an HSA

professional at (225) 215-2755 or click here to visit our HSA website.

 

For a list of tiered interest rates and disclosures regarding the HSA program, click here.