There’s nothing quite like the peace of mind that comes from saving for unexpected expenses–especially when it comes to your health. Get yours with a Greater Nevada Credit Union HSA.
Health Savings Account (HSA)
Plan & Save for Wellness
What is a Health Savings Account?
A HSA is a tax-advantaged account. Money that you deposit in an HSA is meant to be used only for qualifying medical expenses, like health insurance and health care costs. However, HSA funds can also be withdrawn for non-medical expenses with penalties–similar to Individual Retirement accounts (IRAs). HSA accounts with Greater Nevada also earn dividends.
Benefits of a Health Savings Account
Your health is an asset worth investing in, and HSAs make it easy to do just that–especially when you open an account at Greater Nevada Credit Union. Our HSA account also pays a monthly dividend at a competitive rate.
Contributions made to your HSA can be deducted on your federal income tax return.
HSA distributions used to pay for qualified medical expenses are tax-free.
HSA balances automatically carry over from one tax year to the next.
Health Savings Account Rates
1APY (Annual Percentage Yield) effective October 3, 2022, 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.
Save For a Better Future
Whether you’re saving for yourself or a loved one, an HSA is a great way to prepare for future medical expenses, so contact us today or schedule an appointment at your local branch to learn how you can open your own account.