Health Savings Account (HSA)
Save for healthcare expenses. Spend with confidence.
You take care of yourself and your family. A Health Savings Account from Community First can help you prepare for qualified medical expenses today while setting money aside for the future.
Featured Account
A simpler way to save for healthcare costs.
Designed for individuals enrolled in a qualified High-Deductible (HDHP), an HSA helps you set money aside for qualified healthcare expenses.*
Be ready for healthcare expenses when they happen.
An HSA can help you pay for qualified medical expenses while benefiting from potential tax advantages. It's a smart way to prepare for expected and unexpected healthcare costs.
Contributions may be tax-deductible, earnings can grow tax-free, and withdrawals for qualified medical expenses are generally tax-free.*
Use your HSA funds for eligible healthcare expenses, including doctor visits, prescriptions, dental care, vision care, and more.*
Build savings for current healthcare costs while preparing for future medical expenses.
FAQ
A Health Savings Account (HSA) is a tax-advantaged savings account designed to help eligible individuals save and pay for qualified medical expenses.
To contribute to an HSA, you generally must be enrolled in a qualified High Deductible Health Plan (HDHP) and meet IRS eligibility requirements.*
HSA funds can be used for qualified medical expenses, including doctor visits, prescriptions, dental care, vision care, and other eligible healthcare costs as defined by the IRS.*
Yes. Your HSA belongs to you and remains yours even if you change employers, health plans, or retire.
Yes. Unused HSA funds roll over year after year and remain available for future qualified healthcare expenses.
*A Health Savings Account (HSA) is a tax-advantaged custodial account available to individuals who meet federal eligibility requirements. Eligibility, contribution limits, qualified medical expenses, and tax treatment are governed by Internal Revenue Code Section 223 and related guidance. Community First Credit Union does not provide tax, legal, or healthcare advice. Consult your professional advisor regarding your individual situation.