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!