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Health Savings Accounts

What are Health Savings Accounts?

You may have been hearing about Health Savings Accounts (HSAs) in the news as a way for individuals to pay for health care costs. But what are Health Savings Accounts?

HSAs are individual accounts which allow you to use pre-tax dollars to pay for future medical expenses. You will be able to deduct your contributions to your HSA, and the account earnings will accumulate on a tax-deferred basis. Distributions from your HSA are tax-free if they are used for qualified medical expenses. HSAs are designed specifically for individuals who have chosen a high-deductible health plan (HDHP)

To learn more, call one of our HSA specialists at 765-664-8089.
   
Afena FCU
 

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Main Branch
424 N. Bradner Ave., Marion, IN 46952
voice: 765.664.8089, fax: 765.668.4331

South Branch
1312 W. 44th St., Marion, IN 46953
voice: 765.664.8089, fax: 765.673.6331

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