Health Savings Account
Plan for your future today.
In response to the rising cost of health care, AIM Credit Union is now offering Health Savings Accounts to our members. An HSA is a government-sponsored investment option created to help individuals save for current or future health care expenses on a tax-free basis*.
Advantages of an HSA
- Allows you to save for high or unexpected medical bills
- Lower insurance premiums by switching to a high-deductible health plan
- No use-it or lose-it provision so funds remain in the account from year to year
- Receive a tax deduction when you make a contribution to your account*
- Earnings grow tax-free
- Tax-free withdrawals for qualified medical expenses
- Account is owned by you so funds remain even if you change employers
AIM Credit Union HSA offers:
- HSA Checking Account
- FREE debit card
- $5 minimum deposit to open
- No monthly service charges
- No limit on the number of checks you can write
- Payroll deduction available
- Unused balances may be carried from year to year
- NCUA insured up to $250,000.00
* Consult your tax advisor regarding tax deductibility