Health Savings Accounts Will Save You Money!

You can now prepare for life's emergencies with a Health Savings Account at Coosa Valley Federal Credit Union. Our Health Savings Account (HSA) enable you to use pre tax dollars to pay for future medical cost. In other words, you can deduct your contributions to your HSA and the account earnings will accumulate on a tax deferred basis. Also, when you need to spend these funds on qualifed medical expenses, the distribution is tax-free.

The benefits of having a Health Savings Account are many.

Protection - You will have an opportunity to save money to pay high or unexpected medical bills.

Affordability - High health insurance policy deductibles means lower premiums.

Savings - Your ability to deduct your contributions and the tax deferral of account earnings enable you to build your account.

Flexibility - You can contribute at any time during the year, and you HSA balance rolls over from year to year.

Portability - You own the account, so it goes where you go, regardless of job changes.

Come into Coosa Valley Federal Credit Union today and let our member services staff give you the full details of this excellent way to prepare you for your future health care.