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. Consult a qualified professional for details.
  • No minimum balance or monthly service fees
  • $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. "Catch-up" contributions are available for account holders age 55 or older. See Rate sheet 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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