A Health Savings Account (HSA) is a tax-advantaged savings plan that can be used to pay for current and future qualified medical expenses.

• Affordability- High health insurance policy deductibles mean lower premiums
• Flexibility- Contributions can be made at any time during the year. Plus, there is no "use it or lose it" rule. Your balance rolls over from year to year
• Protection- You can save money to pay high or unexpected medical bills
• Savings- Enjoy triple the savings¹, tax deductible contributions, tax-free earnings through investments, and tax-free withdrawals for qualified medical expenses
• Controllable- You control the way HSA funds are spent and invested. You can place your money in a savings, checking², or certificate³. Plus, the account is completely portable; it goes where you go
• Convenient- Access at any DuGood location, Online Banking, or Telephone Account Access. You can also set up your HSA as a checking… you’ll be able to write checks or make payments with a debit card

Stop by any DuGood locations to speak with a credit union representative who can walk you through the process.

Things to consider:

• Must have a savings account before opening a certificate
• Must be covered by a High Deductible Health Plan
• Cannot be covered by other health plans
• Cannot be enrolled in Medicare
• May not be claimed as a dependent on anyone else’s tax return