HEALTH SAVINGS ACCOUNTS

At CUB we recognize the high cost of healthcare is an important issue for our customers. In 2004 Congress passed legislation authoizing the establishment of Health Savings Accounts (HSA's) by consumers as a means to allow individuals to have more control over their healthcare dollars. At CUB we offer HSA's that are designed specifically to meet our customers' needs.

Establishing and Maintaining an HSA Involves Four Easy Steps:
Step 1: Open your HSA account with CUB
Step 2: Make a tax deductible contribution to the account up to the annual contribution limit (much like an IRA)
Step 3: Use account funds to directly pay for qualified medical expenses (co-pays, prescriptions, etc.)
Step 4: Maintain records to support the qualified expenses

To find out if you qualify for an HSA, or  to get more information please review the information below. As always should you have any questions please don't hesitate to contact us at 1-866-633-4450.

HSA Links
HSA Brochure
US Treasury Site - About HSA's
US Treasury Site - HSA's Frequently Asked Questions
US Office of Personnel Management - High Deductible Health Plans


CUB Basic HSA

• No Minimum Opening Deposit
• No Minimum Balance Requirement
• No Set Up or Maintenance Fee
• Specialty Debit Card (No ATM Withdrawals, Can Only Be Used As Point of Sale)
• Unlimited Check Writing
• Free Checks (Limit One Box Per Year)
• Interest Paid According To Tiered Balance
• Direct Deposit Contributions

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