Health Savings Accounts (HSAs)

Heritage Family Credit Union Health Savings Accounts (HSAs) are tax-friendly savings accounts that allow you to build a fund for future medical expenses that insurance may not cover.  You can utilize any unused funds to supplement your retirement savings. 

Other Benefits:

• You will save money through lower premiums and tax breaks.
• Money deposited into your account may be used to pay your deductible or other out-of pocket medical expenses.
• Spouses can inherit the account without any tax consequences.
• You keep your account even if you change jobs, plans or retire.

Health Savings Accounts must be opened by the primary account holder.

For more information, including a complete list of IRS-allowable qualified medical expenses, please visit the “Forms and Publications” page on the IRS website at; or call 1.800.829.3676 and request a copy of IRS Publication 502. For more detailed information on Health Savings Accounts you can also view IRS Publication 969 “Health Savings Accounts and Other Tax- Favored Health Plans." Exceptions may apply for some insurance premiums that cannot be paid for by HSA funds even though they are listed in the IRS Publication 502. Over-the-counter medications are not listed, but are included under allowable qualified medical expenses for HSAs. Please consult your tax advisor regarding deductibility of expenses.
Heritage Way
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