CT Bank HSA | MA Bank HSA | Health Savings Account

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A smart prescription for managing health expenses.

Managing medical expenses is one of the greatest challenges for many people today. Cooperative Credit Union is pleased to offer a smart and healthy way to help make those costs more affordable – Health Savings Accounts (HSA).

Start managing your healthcare dollars

With a Cooperative Credit Union (HSA) you can pay for qualified medical expenses on a pre-tax basis. You simply have a pre‑tax portion of your pay direct deposited to your Cooperative Credit Union HSA and use funds to help pay for deductibles, prescriptions, vision and dental care, and other health expenses.

Minimum to Open $100
Minimum to Earn Interest $1
Tiered Interest Yes
Save for current and future medical expenses when enrolled in a high-deductible health plan
Tax-exempt account pays for qualified medical expenses, preventative care, long-term care insurance, COBRA continuation, health insurance in effect while receiving unemployment compensation, and any health insurance premium, other than Medicare, if you are 65 years of age or older

Features

If your funds aren’t used, you can carry them over year after year.
Convenient access with Online Banking and Bill Pay
A Cooperative Credit Union Debit Card to make paying for qualified medical costs easy.
The ability to transfer funds from another Health Savings Account.