Focus on getting better without worrying about the bills

Major illnesses, severe injuries and chronic conditions can cause considerable stress in your family. So can the big medical bills that follow. One way to protect your finances is with a Purdue Federal HSA, which helps you set aside money to cover doctors' visits, hospital stays, medication and more.

Account Benefits

  • Health Savings Accounts are designed for individuals and families with high-deductible medical insurance plans
  • Contribute up to $3,600 per individual and $7,200 per family per year. (Age 55 and up: $4,600 for individuals and $8,200 for families.)
  • Pre-tax contributions can help reduce your overall tax burden
  • Qualified withdrawals are tax-free
  • Balances over $1,000 earn competitive dividends if the account qualifies for Gold or Diamond My Member Perks status*
  • No minimum balance or monthly service fees
  • Low, one-time setup fee of $20, plus $5 membership share
  • Free Visa® debit card for convenient access to funds
  • Unused balance can be rolled over to the following year 
To open a Health Savings Account with us, visit a branch or contact us today.

Purdue Federal Credit Union serves members worldwide and operates branches throughout Greater Lafayette, Crown Point and La Porte, Indiana.

FAQs

In order to open an HSA, you must be covered by a High Deductible Health Plan (HDHP) — high deductible considered to be at least $1,400 annually for an individual and $2,800 or more annually for a family. You cannot be claimed as a dependant on anyone's tax return and cannot be entitled to benefits under Medicare.
Once you open an HSA, you may contribute up to $3,600 per individual and $7,200 per family per year (for tax year 2021). "Catch-up" contributions are available for account holders age 55 or older. See full account disclosures for details.

Ratings & Reviews

100% of members recommend this product.

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Would recommend to a friend

Like the fact it works just like a free Checking Account with a debit & draws interest! Best HSA out there!Read More
Written on 2/22/2013 by Acctnut
Member since 2010 | Delphi, IN
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My Member Perks is based on My Member Perks status, which is figured monthly based on account age, loan and share balances, service usage and transactions of aggregated accounts. Accounts aggregated according to primary account holder’s Social Security Number or tax ID. Duplicate services not counted in aggregation. Oldest account determines account age during aggregation. Accounts will be placed into appropriate My Member Perks status by the fifth business day of the month based on prior month’s My Member Perks score. Perks not combinable with offers outside the My Member Perks program unless specifically noted. Accounts must be in good standing and enrolled in paperless statements to receive perks. Business accounts do not qualify for My Member Perks. My Member Perks is subject to change without notice. Membership eligibility required.