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Improving Your Financial Life

Blog > 2010 > January > Rising Health Insurance Costs? Open a He...
January 27, 2010

Rising Health Insurance Costs? Open a Health Savings Account

by admin

With the rising costs of health insurance, many companies are encouraging employees to participate in a high deductible health plan and take advantage of a health savings account or HSA. An HSA is a different way to save for future health care expenses. HSAs enable you to pay for current health expenses and save for future qualified medical and retiree health expenses on a tax-free basis.

Members own and control the money in their health savings account plan. They can make decisions on how to spend money in their account without relying on a third party or a health insurer. Our Indianapolis Credit Union also offers multiple health savings account product options that enable you to earn interest on your health savings account.

Funds in your health savings account plan stay with you even if you switch employers. There is no "use it or lose it" provision. This is just one of the great HSA benefits our local credit union offers.

Our low-cost solution does not charge for setup, monthly account management, or PIN based debit card and ATM withdrawals.

If you have a high deductible health plan, consider opening a health savings account from our Indianapolis Credit Union.

Your savings federaly insured to at least $250,000 and backed by the full faith and credit of the United States Government: NCUA, Equal Housing Lender, ESI