Save Wealth to Pay for Your Health

With tax-free contributions¹ and the ability to roll over funds year after year, a Health Savings Account (HSA) is the perfect way to put your mind and wallet at ease.

Get started by visiting a location or emailing hsa@fcfcu.com today!

Health Savings Account

The best way to save for health-related expenses

• Available to members participating in a high-deductible health plan
• No minimum balance or setup fees, plus a free Visa® debit card
• Earn APY with competitive rates and a low monthly maintenance fee

Endless Advantages

While there are many benefits to saving for health-related needs, we’ll start here:

Tax Benefits: Contributions are tax-deferred, earnings grow tax-free, and distributions are not taxed when used to pay for qualified medical expenses.¹

Continuous Growth: You can contribute up to the annual limit, then funds roll over from one year to the next – allowing you to continue growing your savings throughout your lifetime.

Countless Uses: Use your funds for medical, dental, and vision expenses, health-related supplies, prescriptions, and so much more. There’s many possibilities!

Put Your Funds to Work

Why not make more from your savings? With your HSA, you can allocate funds into investing or savings programs to work toward more aggressive growth.

HSA Investments Program | In Partnership with Devenir²

• Members with more than $1,000 in an HSA can choose from a variety of mutual funds
• Access account details, make trades, change contributions, and transfer funds online
• Enjoy no fee for the first year, then a low annual fee after that

Learn More
HSA Savings Options

• Consider an HSA Certificate or Money Market Account
• Earn a predictable APY on your funds
• Enjoy competitive rates from your credit union

Contact us to get started today!

Service with You in Mind

At Financial Center, we’ve established a dedicated service team focused on helping you with anything related to your HSA. You can contact the Member Experience Team at 317.916.7705 or hsa@fcfcu.com anytime.

Frequently Asked Questions

We’re here to help – now or any time you need us! Contact us for guidance on your unique situation or explore these Frequently Asked Questions:

How much can I contribute?
The federal government sets HSA contribution limits annually. For 2024, they are $4,150 for an individual or $8,300 for a family. Over the age of 55? Lucky you! You can contribute an additional $1,000 to your HSA for either individual or family coverage.

How do I fund my HSA?
Good news! There are a few easy ways to get funds into your account:

• Set up direct deposit with your employer. You’ll need your direct deposit account number (found in online or mobile banking) and Financial Center’s routing number (274073876).

• Transfer funds from an internal or external account. You can easily move funds from a Financial Center account to your HSA using online or mobile banking. To transfer from another financial institution, use our routing number (274073876) and your direct deposit account number (found in online or mobile banking).

• Move your previous HSA over. Have funds in an old account? Hooray, you can move them over! Contact us at hsa@fcfcu.com and request the HSA Contribution and Investment Selection Form.
  
  

What are qualified expenses to pay with my HSA?
Your funds can be used for many qualified medical expenses, as outlined in IRS Publication 502. Some examples of potentially qualified expenses include your health insurance deductible, medical co-pays, doctor visits, dental care, vision exams, and so much more.

How can I access my funds?
Ready to spend? We make it easy with these options:

• HSA Debit Card – Look for it 8-10 days after account opening in an unmarked envelope
• ATM Withdraw – Take funds from your account at one of our network ATMs
• Checks – We can provide you with checks at your request for a small fee
• Visit a Banking Center – Our staff at any location will be glad to assist you
• Transfer in Digital Banking – Move funds from your HSA to your personal checking account digitally

What are the costs associated with this account?
The account has a low monthly maintenance fee for members. Enroll in eStatements and you’ll avoid the monthly paper statement fee. You’ll find all of our fees here.

How can I get started investing with Devenir?
We make it easy to diversify your investment strategy with our self-directed mutual fund partner, Devenir. To get started:

• Login to online or mobile banking
• Under Additional Links, select “Open/Update HSA Investment Account”
• Complete the simple request form

Need help? Contact us and we’ll get you all set up!

Who can use my HSA?
Your spouse or tax dependents can use your HSA even if your health care plan does not cover them. Add family members as authorized users by contacting us at hsa@fcfcu.com. When you email us, you can also request an authorized user debit card.

Will I lose my funds at the end of the year?
Absolutely not! HSA funds roll over from year-to-year, and there is no use-it-or-lose-it penalty. You may save, spend, or even invest your HSA dollars as you please.

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Health Savings Accounts

1) For specific tax advice, please consult a qualified tax professional. 2) Devenir LLC, is a registered investment adviser chosen by Financial Center First Credit Union to research and select the Financial Center First Credit Union HSA Investment Account mutual fund investment options. Devenir’s investment selection methodology screens the plan’s mutual fund options on a number of criteria, which includes, but is not limited to, total fund performance, category ranking by Morningstar and track record. Devenir periodically reviews and may recommend changes in the group of mutual funds available in the Financial Center First Credit Union HSA Investment Account if a particular fund no longer meets Devenir’s investment selection criteria. You will not be given separate notice of these changes; however changes to the fund line-up will be reflected on the investment website and on the following quarterly worksheet. Devenir is also the HSA plan record keeper providing access to the investment options through the investment portal. Investments are not guaranteed or insured and may lose value, including the loss of principal. Please consult your tax advisor for information about how investments may affect you.