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Health Savings Account

Medical Costs
Covered Ahead

Health Savings Account (HSA)

An HSA is a tax-advantaged medical savings account that helps cover doctor visits, prescriptions, and other costs your insurance plan may not.

Retirement Central®

Account Features

A Health Savings Account (HSA) is a tax-advantaged medical savings account specifically designed to help pay for medical costs like doctor appointments, prescriptions, over-the-counter medicine, and many other health-related costs1.

  • Tiered dividend rate
  • A free HSA Visa® Debit
  • No use it or lose it policy

Stop by any branch location to open an HSA or open your account online through Retirement Central.

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Health Savings Account (HSA)
Rates effective
Rate Alerts
Balance Dividend Rate APY*
$0.00 - $999.99 0.050% 0.05%
$1,000.00 - $2,499.99 0.050% 0.05%
$2,500.00 - $9,999.99 0.050% 0.05%
$10,000.00 - $24,999.99 0.100% 0.10%
$25,000.00 or Greater 0.150% 0.15%
*APY=Annual Percentage Yield. APY accurate as of the last dividend declaration date. Rates subject to change. Fees may reduce earnings. Restrictions and requirements apply.
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Health Savings Account (HSA) - AACU Health Savings Account FAQs

Eligibility for an HSA depends on enrollment in a qualifying high-deductible health plan, not directly on your AACU membership status. Once you confirm plan eligibility, AACU members can open an HSA at any branch or online. Check your eligibility for membership before opening your HSA.
HSA funds at AACU typically cover doctor appointments, prescriptions, and many over-the-counter medical costs not paid by insurance. A tax advisor can confirm which specific expenses qualify for your situation. Review Individual Retirement Accounts if you're also planning for long-term savings.
HSA contributions generally offer tax advantages, though the exact deduction depends on your individual tax situation and IRS contribution limits for the year. A tax professional can walk you through your specific eligibility. Check your eligibility and open an HSA once you've confirmed your plan qualifies.

A high-deductible health plan is required to open and contribute to an HSA, since the account exists specifically to offset that plan's higher out-of-pocket costs. An HSA pairs with any qualifying plan you already carry. Open an HSA online through Retirement Central once you confirm eligibility.

No expiration policy applies to AACU HSA funds, so any balance left at year end simply rolls forward and keeps earning dividends. This differs from some employer-sponsored flexible spending accounts that require annual use. Check your eligibility and open your HSA with no use-it-or-lose-it pressure.
Disclosures

1 Please consult your tax adviser for information on qualifying medical expenses.

Retirement Central is not a product of or controlled by AACU.

All cards issued by Air Academy Credit Union pursuant to a license from Visa USA Inc.

Visa® is a trademark owned by Visa International Service Association and used under license.

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