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Health Savings Accounts - CAT
Health Savings Accounts
Get your Health Savings Account (HSA) where you have your other accounts. You can use pre-tax dollars and payroll deduction for contributions.
Open a CEFCU HSA to help manage the costs of a High-Deductible Health Plan* and help save for future qualified medical expenses on a tax-free basis. Access funds through a CEFCU HSA Debit Mastercard®, online, or at any Member Center to pay qualifying medical expenses:*
- Chiropractor
- Dental and Vision Care
- Lab fees
- Office visit co-pays
- Prescription drugs
- Surgery
- And more
An added bonus — you can even invest your HSA funds in additional HSA accounts! Options include: HSA Checking, Dividend Checking, Insured Money Market Account, and Certificates. Plus, as a CEFCU HSA Owner, you can request to add an Authorized Signer on your HSA! Just contact CEFCU or visit a Member Center to open your HSA today! Or, request your New Account kit online.
You cannot use HSA funds to pay for expenses incurred prior to opening the account.
HSA Debit Card
Make handling your HSA funds easier with the free CEFCU HSA Debit Mastercard.
You can use your HSA Debit Card wherever Mastercard, Cirrus®, or Maestro® are accepted. Plus, there's Zero Liability** on qualifying purchases.
*Consult your tax advisor for help determining your eligibility to open an HSA and your allowable contributions and withdrawals. As custodian/trustee of your HSA, CEFCU is not responsible for determining your allowable contribution amounts or whether distributions are used for qualified medical expenses. Your total contributions and withdrawals are reported annually to the IRS.
HSAs were developed by Congress for consumers with high-deductible health plans. If you are not enrolled in Medicare, you can use tax-free savings to pay for current or future qualified medical costs.
Contributions may be subject to state taxes in some states. The annual contribution limit includes employer contributions.
**Zero Liability: Pay only for purchases which you have authorized on your Mastercard card. Unauthorized purchases are not your responsibility. Conditions and exceptions apply. Get Details .