Health Savings Accounts

Lower your healthcare costs

If you have a high-deductible health plan, use an HSA to save and pay for qualified medical expenses.

How HSAs work

Today's HSA Rates1

Annual Percentage Yield2 0.05%

HSAs are designed for people who are enrolled in a high deductible health plan.  

  • Contributions can be deducted before taxes from your paycheck, which lowers your taxable income. 
  • Interest on the money is tax free. 
  • Withdrawals from the account are also tax free, as long you spend the money on eligible items. 

To see if you qualify, take a look at IRS Publication 969

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Why open an HSA?

An HSA can help you save and pay for your out-of-pocket medical costs, and also save on taxes. 

  • Your HSA savings rolls over at the end of the year, so you can use the money for future healthcare expenses if you don’t spend it all within the year. 
  • When it’s time to pay for a qualified medical expense, just use the Alaska USA Visa® Debit Card that comes with your HSA. 
  • You can use your HSA funds to pay for expenses like your insurance deductible and copays, dental work and braces, vision care, and prescriptions. 


HSAs are designed for people with specific types of health care coverage. You may qualify if: 

  • You are covered by a qualifying high deductible health plan. 
  • You are not covered by another type of health plan. 
  • You are not enrolled in Medicare. 
  • You are not claimed as a dependent on another person’s tax return. 

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: 

  1. Log in to your account.
  2. Click the Account Services tab. 
  3. Click Request eStatements. 
  4. Review and accept the Electronic Statements and Notices Disclosure and Agreement. 

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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.