If you have a high-deductible health plan, use an HSA to save and pay for qualified medical expenses.
HSAs are designed for people who are enrolled in a high deductible health plan.
To see if you qualify, take a look at IRS Publication 969
An HSA can help you save and pay for your out-of-pocket medical costs, and also save on taxes.
HSAs are designed for people with specific types of health care coverage. You may qualify if:
For more details, take a look at IRS Publication 969, Health Savings Accounts and Other Tax-Favored Health Plans.
You can use your HSA funds to pay for expenses like your insurance deductible and copays, dental work and braces, vision care, and prescriptions.
For complete details about which expenses qualify, see IRS Publication 502, Medical and Dental Expenses.
There is no minimum balance for an HSA, but you will be charged a $5 monthly maintenance fee if your balance falls below $50 during the calendar month. Your HSA earns dividends on balances of $50 or more.
Yes, Alaska USA HSAs are federally insured up to $250,000 by the NCUA, an agency of the U.S. government.
Yes, if you are enrolled in online banking, you can receive eStatements instead of paper statements in the mail. You can also sign up to receive an email reminder when your new eStatement is ready.
To sign up for eStatements:
Reach your goals faster with automatic transfers to your savings account.
Earn higher interest, pay lower fees. Here’s what’s good about credit unions.
1 The applicable minimum daily balance is required to obtain the stated Annual Percentage Yield (APY).
2Rates are subject to change at any time for any reason. See our rates page for full details.
3 There is no minimum balance requirement.
4 $50 minimum to avoid a monthly maintenance fee.
For complete account information, refer to the Share Account Disclosure Statement. You will also receive a copy when you open an account.
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