Health Savings Accounts

Concerned about the high cost of health care? You can breathe a little easier with a a Health Savings Account that allows you to set aside funds for future medical, dental and vision care.

An HSA can help you feel better about your finances

For individuals and families with high-deductible health care plans

Deposits earn dividends at competitive rates

Triple tax advantages help stretch health-care dollars

Pay for anything from newborn care to contact lenses

Everyone knows that serious illness and injuries can result in sizable medical bills. But one attractive feature of an HSA is that funds can help pay for routine care and treatment as well, including annual physicals, cavity fillings, and eye exams.

Contribute up to $4,400 per year for individuals and $8,750 for families
Individuals 55 and older can contribute an additional $1,000 annually
Contributions are tax deductible, and annual dividend earnings and qualified withdrawals are tax-exempt
Funds may be used for a wide variety of hospital, physician, dental, vision and mental health care, in addition to covering the cost of many medications
Any HSA funds left over at the end of a year are automatically rolled over to the following year
Upon reaching age 65, you may withdraw funds for non-medical purposes – though those withdrawals may be subject to taxes

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I've been a member of DATCU for approximately 30 years and have always been treated with respect, efficiency, and a great smile. Additionally, DATCU's interest is so much better than other banks and credit unions. Thank you, DATCU!

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