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Health Savings Account (HSA)



Unison Credit Union Health Savings Account Debit Card

Optimize Your Health Savings

Maximize your financial wellness with a tax-advantaged checking account designed for those enrolled in a high-deductible health plan. Use your Health Savings Account to save on taxes and build a dedicated fund for future medical expenses.


Plan Your Health Savings Strategy

Our interactive HSA calculators offer personalized insights to help you make informed financial decisions. Whether you’re comparing plan options, determining your annual contribution limits, forecasting account growth, or setting long-term savings goals, our tools are designed to guide you every step of the way. Choose the calculator that best meets your needs and start optimizing your health savings today.
 
  • HSA vs. Traditional Calculator
    Compare high-deductible health plans paired with an HSA to traditional health plans to gauge potential savings on premiums and tax benefits. 
  • HSA Contribution Calculator
    Determine the maximum amount you can contribute to your HSA for the current tax year based on your coverage and age.
  • HSA Savings Calculator
    Forecast the growth of your HSA over time by adjusting variables in your savings plan.
  • HSA Goal Calculator
    Set and track your long-term savings targets, especially if you're planning to use your HSA as a retirement account.

Account Details

Qualifications
  • Must have a Shares Savings
  • No minimum balance to open
  • HSA eligible high-deductible health plan
Features
  • Dividends earned daily
  • Dividends paid monthly
  • Free Debit Card
  • Dividends are tax-deferred until you withdraw them
  • Withdrawals for qualified medical expenses are tax-free
  • Contributions are made on a pre-tax basis
  • Contributions roll over each year and remain with you, even if you change jobs or retire
  • Monthly statement with checking and electronic transaction
  • Quarterly statement, if monthly statement isn’t given
  • Unlimited transfers and withdrawals in person, at an ATM or by mail
  • 24/7 account access:
Fees
  • None
Deposits & Reporting

All types of deposits are allowed, and contributions must follow government guidelines. Members are responsible for IRS reporting. To assist with tax preparation, Form 1099-SA (summarizing distributions) is issued each January, and Form 5498-SA (summarizing contributions) is sent after April 15, received by May 31.

Withdrawals

Funds not used for qualified medical expenses may be subject to taxes and penalties. Please verify with a tax professional.

Contribution Limits
  • 2023: Maximum contributions are $3,850 for self-only coverage and $7,750 for family coverage. If you turn 55 before the close of the taxable year, you may contribute an additional $1,000.
  • 2024: Maximum contributions are $4,150 for self-only coverage and $8,300 for family coverage, with the same additional $1,000 allowed for those aged 55 or older.
  • Limits are subject to annual adjustments.

















View Current Rates

Effective Date:
Account Type
 
 
Required Opening Deposit
 
 Minimum Daily Balance to Avoid Fee Minimum Daily Balance to Earn APY
Dividend Rate / APY*
 
Share Savings $5 $0 $0 0.10% / 0.10%
Sub-Share Savings $0 $0 $0 0.10% / 0.10%
Property Tax Savings $0 $0 $0 0.10% / 0.10%
Empowering Kids Savings** $5 $0 $0 3.00% / 3.04%
Empowering Teens Savings** $5 $0 $0 3.00% / 3.04%
Health Savings $0 $0 $0 1.50% / 1.51%
*APY = Annual Percentage Yield. Dividend rates and annual percentage yields are subject to change at any time. Fees may reduce earnings. The minimum balance required to open a Regular Savings, Empowering Kids Savings or Empowering Teens Savings is $5 (one share). **3.04% APY/3.00% dividend rate is applicable to balances up to $1,000.00 on Empowering series savings accounts only, offer does not apply to checking accounts. Balances over $1,000.00 will earn the regular share rates, currently 0.10% APY/0.10% dividend rate.