Health Savings Account (HSA)

Tax-exempt savings for qualified medical expenses

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Health Savings Account (HSA)

A Health Savings Account (HSA) is great for saving money for medical expenses, bills and higher deductibles. If you are enrolled in your employer's high deductible health plan (HDHP), you are eligible for a Health Savings Account (HSA) through Triangle Credit Union.

  • Employee and employer contribution option to the medical savings account
  • Tax deduction for contributions made by you and your employer (some restrictions may apply; consult with your tax advisor)
  • Tax-exempt distributions (regardless of your age) as long as the funds are used to cover qualified medical expenses and medical bills
  • Savings  account specifically designed for your qualified medical expenses
  • Balances roll over from year-to-year
  • If you are age 65 plus or disabled, you can withdraw funds penalty-free from your HSA for non-medical expenses.

A Health Savings Account (HSA) with a debit card is convenient and enabled for Apple Pay mobile payments.

Read the latest guest blog from the Cooperative Credit Union Association on Six FAQs about EMV Chip Cards.

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