Health Savings Account (HSA)

Save money and gain control over your health care costs with our health savings account.

Convenient Access

An HSA Debit Card allows you to access funds anytime for medical expenses.
Tiered Interest Checking

The more you keep in your HSA account, the more interest you'll earn.
Variety

Choose from Single HSA and Family HSA to meet your unique needs.

High-yield & free, with advantages

Edge Checking

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Preparation Can Minimize Your Stress

Consider Our Health Savings Accounts In Michigan.

If you or a family member had a health setback, how would you handle the costs? An HSA helps our members in Grand Rapids, Lansing and other parts of Michigan avoid the intense financial stress that often comes from unexpected medical expenses.

These special medical savings accounts create a financial buffer against health-related costs while providing certain tax benefits that your financial advisor can explain in full detail. Use this account to pay for health expenses immediately or in the future, as long as you're currently enrolled in a High-Deductible Health Plan (HDHP).

HSA Benefits

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 you pay qualified medical expenses.
An HSA is portable, meaning you keep it even if you change employers or leave the work force.

HSA Qualifications

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

Michigan HSA Rates

APY* for balances of
APY* for balances of
APY* for balances of
APY* for balances of

*APY - Annual Percentage Yield

By transacting online, I’m aware that the credit union will be held harmless on all transactions made via online banking, and that all deposits made between January 1 through April 15^th, or the tax-filing deadline, will be coded and reported to the IRS as current tax-year deposits. Per the IRS, Adventure Credit Union is not required to fix mistaken transactions.