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Health Savings Account (HSA)

A Health Savings Account can help you through any transition or transaction of life. When you open an HSA account throughout the month of June 2022, you are automatically entered for a chance at a $50 gift card.*


Health Savings Accounts (HSAs) are savings plans where eligible individuals can receive tax advantages for medical expenses. If you have a High Deductible Health Plan (HDHP), you may be eligible for an HSA.

HSA Benefits

  • HSA contributions are tax deductible^ – whether made by you, your employer, or others on your behalf.
  • Earnings on your HSA are tax-deferred and HSA assets used for qualified medical expenses are never taxed.
  • The funds in your HSA roll over from year to year – no need to worry about using the funds by year-end.

LAFCU makes it easy and convenient
When you open an HSA at LAFCU, you have options. That means greater flexibility, easier access, and maximum convenience.

  • HSA Checking Account - No minimum balance and easy access by check or debit card.
  • HSA Savings Account - Easy access to your account through debit or checking account. A $5.00 minimum balance is required.
  • HSA Money Market Account - No minimum balance requirement.
  • HSA Certificate - Choose from a variety of terms for maximum flexibility.

Not sure if an HSA is right for you? We'll walk you through the details, including eligibility and contribution guidelines.

Call us at 517-622-6600 or speak with a LAFCU representative through our online chat.

 

* NO PURCHASE NECESSARY. All federal, state and local regulations apply. Void where prohibited by law. Offer good from 06/01/22 – 06/30/22. If you would like to enter the drawing without opening an account, send a 3” x 5” postcard with your name, address and telephone number to: “LAFCU HSA Account Offer Drawing,” Marketing Department, P.O. Box 26188, Lansing, MI 48909. Please, only one card per person. Those interested in mailing-in a postcard to qualify for entry into the promotion will need to be received by 06/24/2022.

By entering, participants grant LAFCU permission to contact them via phone, email or social media about their entry. By participating, entrants agree to abide by and be bound by these Official Rules and the decisions of LAFCU, which shall be final and binding; and to the use of their names and/or likeness for advertising and publicity purposes without additional compensation, unless prohibited by law. Participation and eligibility is open to legal residents of the United States and must be eighteen (18) years or older. Officers, directors, and employees of LAFCU; and their immediate families are not eligible.

A total of 4 winners will be randomly selected from participants who have opened an HSA account between 06/01/22 – 06/30/22. Four (4) winners will be drawn for a chance at a $50 Amazon eGift Card on 07/01/22. Those interested in mailing-in a postcard to qualify for entry into the promotion will need to be received by 06/24/2022. No transfer, assignment, cash redemption, or substitution of prizes. Entrants waive the right to assert, as a cost of receiving prize, any and all costs of redemption. LAFCU shall have no liability and will be held harmless by entrant for any claim, action, liability, loss, injury or damage to entrant or any other person or entity, due in whole or in part, directly or indirectly, by acceptance.

LAFCU reserves the right, at its sole discretion, to modify, suspend, and/or terminate the giveaway at any time. LAFCU reserves the right, at its sole discretion, to disqualify an entrant if his or her fraud or misconduct affects the integrity of the contest. Other restrictions may apply.

^Consult with a tax advisor for further information regarding tax deductions for HSA contributions. 

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