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Purdue Federal Credit Union

Phone #: 800.627.3328
Routing #: 274976067

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Personal Banking
Health Savings Accounts

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A health savings account (HSA) is a tax-advantaged medical savings account available to taxpayers in the U.S. who are enrolled in ahigh-deductible health plan (HDHP).Calculate whether a comprehensive plan or high-deductible plan with HSA is the best choice for you. Then, contact us for more details.

Health Savings FAQs

How do I qualify for an HSA?

In order to open an HSA, you must be covered by a High Deductible Health Plan (HDHP) — high deductible considered to be at least $1,350 annually for an individual and $2,700 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.

How much can I contribute to my HSA?

Once you open an HSA, you may contribute up to $3,450 per individual and $6,900 per family per year (for tax year 2018). "Catch-up" contributions are available for account holders age 55 or older. See full account disclosures for details.

Plan Coverage Single Family

Advantages of a Purdue Federal HSA:

  • No minimum balance required, just a $25 deposit to open your account
  • No monthly service fee
  • Low, one-time setup fee of $20
  • Free Visa® debit card to access your funds conveniently
  • Competitive dividend rate on checking ($1,000 average daily balance to earn Annual Percentage Yield)
  • Free online account access
  • Free eStatements
  • Federally insured funds

See Guide to Member Services, Rate Sheet and Fee Schedule for full disclosures.

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