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Health Savings Account

The Health Savings Account (HSA) can help you keep your balance when faced with mounting medical expenses.  This account is set up to pay or reimburse certain medical expenses you incur.  The HSA will not only help protect against major health care costs, but offers tax-deferred savings options as well.  You must be covered under a high deductible health plan and meet certain requirements to be eligible for the HSA.   

Features

  • Flexibility to pay current medical expenses or save for future needs
  • Tax-deductible contributions
  • Tax-free earnings
  • Tax-free withdrawals, if used properly
  • Balance carries over from year to year
  • Remains with you, regardless of change in coverage or employment

To learn more about HSA, speak with an ECU Member Service Representative at (423) 229.8200 or (800) 999.2328.

 

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