Health Savings Accounts

Gale Credit Union can assist you with managing your healthcare expenses with a Health Savings Account (HSA). An HSA combines a high-deductible health insurance plan with a tax-favored savings account to help you save to pay your medical deductible expenses.

A Gale Credit Union Health Savings Account has many advantages, including:

  • Contributions (deposits) to your HSA are 100% deductible (up to the legal limit, as qualified)
  • Withdrawals from your HSA to pay for Qualified medical expenses are never taxed
  • Dividend earnings accumulate tax-deferred, and if used to pay qualified medial expenses, they are tax-free
  • You do not lose any of your unused savings - it continues to grow tax-free, year after year
  • Typically, qualifed medical expenses include most medical care, dental, eye glasses, prescription drugs, lab fees, etc.
  • For the official list and more details, visit www.irs.gov or consult your tax advisor
  • Access your funds with a debit card or checks, your choice
  • See Gale Credit Union for more details
Call or visit our Member Services today to start saving money with a Gale Credit Union HSA!
Go to main navigation