Health Savings

 

OMEGA Federal Credit Union offers Health Savings Accounts (HSAs) with no monthly service fees, helping members save for qualified medical expenses while taking advantage of valuable tax benefits. HSA accounts are available to eligible individuals enrolled in High -Deductible Health Plans and provide convenient access to funds through free checks and an HSA debit card. With flexible spending options and long-term healthcare savings potential, an OMEGA FCU HSA is a smart way to prepare for current and future medical costs.

 

If contributions are not available through an employer, contributions may be made on a post-tax basis by the owner and then used to decrease gross taxable income on the following year’s tax return.

 

• Deposits made are tax-deductible, and all interest accrued is tax-deferred.
• Fee-free withdrawals if funds are used for qualifying medical expenses.

If your business offers High Deductible Health Plans (HDHPs), OMEGA Federal Credit Union can help you provide Health Savings Accounts (HSAs) for your employees with convenient on-site account setup and personalized support. Our team works directly with employers to make the HSA enrollment process simple, efficient, and accessible for your workforce. Contact ((email address)) to learn more and get started.