Managing health expenses can feel overwhelming, but we’re here to help. At Greater Nevada Credit Union, we’ve teamed up with Hometown Health to offer a Health Savings Account (HSA) that works perfectly with Hometown Health’s High Deductible Health Plan (HDHP). It’s a simple way to plan ahead and take control of your healthcare savings.
Hometown Health HSA
Maximize Your Savings for the Future
Hometown Health + GNCU = Living Greater
At GNCU, we take pride in being a leading choice for an HSA associated with Hometown Health’s HDHPs. As a member-owned and member-focused financial cooperative, we’re committed to developing innovative and tailored solutions that enable our communities to Live Greater. As a GNCU member, you’ll get first dibs on the latest and greatest from us.
Questions? Email us directly at HSA@gncu.net.
What is a Health Savings Account?
An HSA is a smart way to save for healthcare expenses while reducing your taxable income (a tax-advantaged account). The money you deposit should be used to cover qualifying medical expenses, including healthcare and prescription drug costs. Additionally, HSA accounts with GNCU earn dividends, helping your savings grow over time. You can withdraw HSA funds for non-medical expenses, but this will trigger penalties, similar to those for an Individual Retirement Account (IRA).
To open an HSA with GNCU, you must:
- Be enrolled in a qualified HDHP that meets IRS requirements. You may not be covered by a non-HDHP plan, Medicare, or claimed as a dependent on another person’s tax return.
- Qualify for membership, which is open to anyone living or working in Nevada and members of their immediate family.
Health Savings Account Rates
Tier
Rate
APY1
Tier
All Amounts
Rate
0.050%
APY1
0.05%
Ready to Open Your HSA?
Take the first step toward investing in your health today. Plus, becoming a GNCU member gives you access to our low-rate loans, high-yield accounts, and other exclusive member offers and benefits. Have questions about our HSA or the perks of membership? Email us directly at HSA@gncu.net.
1 Annual Percentage Yield (APY) effective January 1, 2025, and subject to change without notice. Dividends will be credited to your account and compounded every month. Fees could reduce the earnings on the account.