When it comes to healthcare, paying for it is often the biggest challenge. An unexpected bill from the doctor or from an emergency room visit can really tie up your finances.
RelyOn’s Health Savings Account (HSA) offers a solution to help you save and pay for your medical expenses.
An HSA is a savings account just for medical expenses. That money can be used to pay for things like prescriptions, copays and other out-of-pocket medical expenses.
Here’s how it works:
• You must be enrolled in a high-deductible health plan to make current-year contributions.
• Minimum opening deposit of $25.
• This account comes with its own debit card just for medical expenses.
• Earn 1.7% APY on balances up to $3,000.
• If you have an HSA somewhere else, roll it over to RelyOn at no cost.
• HSA contributions are tax deductible.
• Minimum $25 opening deposit.
To open an HSA, current members can make an appointment online.
If you are not a member yet, please join the credit union and then make an appointment online for assistance with an HSA.