Health Savings Account
Save money and be proactive about health care costs
- Pay with an HSA Debit Card
- Tiered interest rates
- Earn up to 0.50% APY*

Plan Ahead to Minimize Stress
Consider Our Health Savings Account.
A Health Savings Account (HSA) helps our members in Grand Rapids , Lansing and other parts of Michigan avoid the financial stress that often comes from unexpected medical expenses.
- You can claim a tax deduction for contributions you or someone other than your employer makes to your HSA, even if you do not itemize your deductions on Form 1040.
- Contributions to your HSA made by your employer (including contributions made through a cafeteria plan) may be excluded from your gross income.
- The contributions remain in your account until you use them.
The interest or other earnings on the assets in the account are tax-free. - Distributions may be tax-free if used to pay for qualified medical expenses now or in the future.
- An HSA is portable, meaning you keep it even if you change employers or leave the work force.
- You must meet these requirements to open an HSA:
- You must be covered under a High-Deductible Health Plan (HDHP), on the first day of the month
- You have no other health coverage except what is permitted
You are not enrolled in Medicare - You cannot be claimed as a dependent on someone else's tax return
Working in your best interest.
View All Rates
APY* as high as
0.15
%
Tier 1 HSA
APY* as high as
0.50
%
Tier 4 HSA
Contact A Financial Advisor
Answers to your investment questions.
*APY = Annual Percentage Yield. Rates valid as of
11/23/2024
and subject to change without notice. No minimum balance required to open account or earn dividends. Dividend rate is determined by account balance. Fees could reduce earnings.
Consult a financial advisor for complete details of tax benefits.