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Health Savings Accounts (HSAs) were created by Congress to combat rising medical costs - it is an account that allows you to save money for health care costs and use the funds to pay for qualified medical expenses.
An HSA from VyStar Credit Union is a great way to save for your health care costs, while taking advantage of tax savings. Members are eligible as long as they are:
- Covered under a High Deductible Health Plan (HDHP)
- Not covered under another type of health plan that is not an HDHP
- Not enrolled in Medicare (generally under 65 years old)
- Not claimed as a dependent on another individual's tax return
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VyStar Visa® Health Savings Account Debit Card:
When you open your Health Savings Account, you receive a VyStar HSA Debit Card to use for all of your health care transactions. Use this card to access the funds in your Health Savings Account for health care purposes only (restricted by law). |
- No minimum opening balance requirement
- No transaction fees
- Use your card at point-of-sale with merchants accepting Visa debit. You do not need to get approval from VyStar to use the funds in your account. Save your receipts for tax purposes.
- Monitor your account with VyStar Internet Banking and free Magic*Touch voice response phone service at 777-6001 or 1-800-235-6289
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Talk to a VyStar Representative today to find out if an HSA is right for you. Call 777-6000 or 800-445-6289 or stop by any VyStar Branch.
Certain restrictions apply. VyStar is not responsible for determining if a member’s distributions qualify, nor do we provide tax advice. Please consult your tax advisor.
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HSA SERVICE CENTER
RATES
- Who is eligible?
- What’s an HDHP?
- How to establish an HSA and make contributions
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