Take Care of Yourself With a Health Savings Account

There's no way around it: health care is expensive. From doctor visits to medications to scrapes and falls on the playground, there are a lot of expenses that can arise. With a Health Savings Account, however, you can save for your medical costs with a much-needed tax deduction. 

St. Cloud Financial Credit Union offers Health Savings Accounts to members with high-deductible health plans to save money for regular services and emergency health care. If you qualify, it's time to explore what an HSA can do for you. 

When you contribute to your HSA, you contribution is tax deductible up to a pre-determined level related to the confinements of your plan. Your health plan provider can tell you what the amount is each year, and your contribution limits year to year may change. Contributions your employer makes are tax-free.

Unlike contributions to a flexible spending accounts through other banks, the balance of your HSA at the end of the year is carried over to the next year. Using it or losing it is never an issue with your HSA. 

Whether you have comprehensive health care or not, an HSA can provide you with coverage that goes above and beyond your plan. When you have costs not covered by your insurance plan, your HSA can be used to cover them, no matter what they may be.

An HSA enables you to take control of your health care decisions without input from your insurance provider in a way that doesn't involve your job, your income, or your medical circumstances. Once you make contributions, your HSA will always follow you - guaranteed. 

In addition to the benefits that come with a Health Savings Account, your enrollment includes a Health Savings Account debit card that allows you to withdraw money when you need it for your medical expenses. Call today to speak to a representative from St. Cloud Financial Credit Union and see what you can do for your health today!