Health Savings Accounts (HSAs)
Designed to help individuals save for future qualified medical and retiree health expenses on a tax-free basis. Contributions to your HSA are tax-deductible and earnings will accrue on a tax deferred basis. Distributions from your HSA are tax-free as long as they are used for qualifying medical expenses. Any balance at the end of the year is carried over the next year.
With an HSA, you are in control. You decide how and when to spend the money within the government guidelines. And since you’re the owner of the account, it will always follow you. Basically, you can use it for any medical expense – dental, vision, prescriptions and even over-the-counter drugs like aspirin. And, with free checks and a debit card, we make it easy for you to pay anywhere!
Visit one of our branches today to learn more about Health Savings Accounts, or for general information on HSAs, visit the U.S. Treasury Department website.
LLCU offers a variety of Savings Accounts with competitive rates to help you start saving for your financial goals.
A money management tool designed to help you reach your financial goals.
LLCU offers both Traditional IRAs and Roth IRAs to help plan for retirement savings.
*Share insurance on qualifying members' accounts, in excess of that provided by NCUA, is offered by Excess Share Insurance Corporation, a licensed insurance company. Speak with a credit union representative for details. Fee Schedule available upon request, call 1-844-222-7788.