Health Savings Accounts

Set aside money for all types of medical expenses

Many families worry about the high cost of doctor, dental and vision care. An HSA helps ease the financial burden. By depositing pre-tax dollars in a special account, you build up reserves that can later be used to cover qualified medical expenses. When the time comes to pay a bill, it's easy to access your funds with a check or debit card.

  • Designed for individuals and families with high-deductible medical plans
  • Contribute any time, up to $3,600 annually for individuals and $7,200 for families
  • Enjoy several tax advantages; in addition to contributing pre-tax dollars, all interest earnings are tax-free
  • Unused balances roll over from year to year
  • You keep your account even if you become unemployed or change jobs

Visit our Retirement Central to read frequently asked questions and to open your HSA online.

Health Savings Account with Visa® Debit Card
Dividends View rates
Minimum Opening Deposit $25.00
Corporate Image Checks First order of checks is FREE*

*First order of checks is free. Subsequent orders will be an additional charge, this charge will be deducted from your HSA balance and it will be coded as a non-reportable distribution. An additional deposit to cover the check purchase is recommended.

Any type of withdrawal that is made from your HSA using share drafts or ACH, Debit Cards (any type of withdrawal) will automatically be assumed to be a normal distribution and will be reported to the IRS as such. You must complete an HSA withdrawal form if there is an exception.

If the HSA owner elects to make contributions through payroll deduction and/or automatic transfer, the payroll deduction/automatic transfer received, will be allocated as a current year contribution.

The HSA owner is solely responsible for making sure that all HSA contributions are within the limits set by the tax laws and that the aggregate contribution per tax year will not exceed the maximum amount allowed by the IRS.

KeyPoint is not responsible for improper account usage.

Consult your separate HSA disclosure for restrictions on withdrawals, tax penalties and other important information.

This account is not eligible for Courtesy Pay Privilege. Refer to the Member Handbook and General Service Charges (“Fee Disclosure”) for additional terms and conditions to this account. Laws governing HSAs can change frequently, so you should consult your tax advisor to determine if you qualify. KeyPoint Credit Union does not give tax or legal advice.