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" (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 HDHP.  
 
Health Savings Account Limits 
                                                                                              2016                           2017 
Maximum Contribution Limits              
 
Single HDHP                                                                   $3,350                        $3,400 
Family HDHP                                                                   $6,750                         $6,750 
 
 
Limit#1 To qualify as a HDHP – 
Minimum Annual Deductible 
 
Single Coverage                                                             $1,300                          $1,300 
Family Coverage                                                             $2,600                          $2,600 
 
Limit #2 To Qualify as a HDHP – 
Maximum Annual Out-Of-Pocket 
 
Single Coverage                                                             $6,550                           $6,550 
Family Coverage                                                           $13,100                        $13,100 
 
Individuals age 55 and older can also  
make additional “catch-up” contributions of: 
                                                                                            2016                             2017 
                                                                                          $1,000                           $1,000 
 
CCU has Health Savings Accounts available with debit card access.  Contact us for more information or to open your account. 
 


NCUA
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