Health Savings Account (HSA)

Control and save for your own medical costs and other related expenses with a HawaiiUSA FCU Health Savings Account (HSA). A HSA is a tax exempt trust or custodial account that you set up for the purpose of saving money to pay for future medical costs or other related expenses you, your spouse and your dependants may incur.

HSA's were created in response to:

• the rising costs of health care and health insurance;
• the large number of individuals and families with a qualifying High Deductible Health Plan (HDHP); and
• providing a way to help put health care decisions back into the hands of the consumer.
  

For a list of Questions and Answers, [click here]. For more information on Health Savings Account, please visit the Internal Revenue Service website at www.irs.gov.

* Annual Percentage Yield (APY). This is a tiered account, dividend rates subject to change without notice and may revert back to the then current HSA tiered rates. Dividends compounded monthly. $100 minimum balance required to open an account. Must be 18 years old to open an account. HSA account subject to a $25 Set up fee and $1.00 Monthly Service fee (**Waived until further notice). Fee of $100 may be assessed for closing the account within 180 days of the account opening. Other fees may apply which could reduce your earnings. Account subject to HawaiiUSA FCU’s account terms and conditions. Account is also subject to Internal Revenue Code Section 233; please refer to the Account Disclosures booklet that will be given to you when you open this account. This booklet contains other important information on the terms and conditions of your account.