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Co-op Credit Union

Health Savings Accounts

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.
 doctor taking blood pressure of patient

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.

Health Savings Certificate

We offer a 12-month Health Savings Certificate, which is yet another vehicle for saving for your health care costs. Click here to visit our rates page for additional information.
*Minimum Requirements for High Deductible Health Plans:

Health Savings Account Limits

 Maximum Contribution Limits  2017 2018
Single HDHP $3,400 $3,450
Family HDHP $6,750 $6,900
Limit #1 to Qualify as a HDHP – Minimum Annual Deductible

Single Coverage $1,300 $1,350
Family Coverage $2,600 $2,700
Limit #2 To Qualify as a HDHP –Maximum Annual Out-Of-Pocket

Single Coverage
$6,550 $6,650
Family Coverage
$13,100 $13,300
Individuals age 55 and Older Can Also Make Additional “Catch-Up” Contributions of $1,000
See our Fees & Disclosures page for additional account information and terms.