Health Savings Accounts (HSA)

Your Health. Your Savings. Your Way.

A Simplicity HSA helps you plan ahead and save tax-free for medical expenses—whether it’s for today or your future.

What is an HSA?

An HSA (Health Savings Account) is a tax-exempt trust or custodial account you set up with a qualified HSA trustee to pay or reimburse certain medical expenses you incur. You must be covered under an HSA-eligible high deductible health plan (HDHP) to contribute to an HSA.

Why Choose Simplicity CU for Your HSA?

• No monthly maintenance fees
• Earn dividends as you save
• Get free HSA checks and debit card
• Online and mobile banking access
• Balance carries over from year to year
• Tax-free distributions (if qualified)
• Tax deductions
• Additional source of retirement income
• Local, friendly support whenever you need it

Plan for Your Future with an HSA

Your HSA is more than just a tool for managing current medical expenses—it’s a long-term asset that grows with you. As healthcare costs rise, having a dedicated savings account for future needs can bring peace of mind.

Think beyond the basics: use your HSA to prepare for life’s “what-ifs,” big or small. And since your balance rolls over every year and stays with you no matter where life takes you, it’s a flexible and lasting part of your financial plan.

HSA Share Certificates — Safe Growth for Your Health Savings

Thinking long-term with your Health Savings Account? Our new HSA Share Certificates let you earn higher, guaranteed rates by committing your HSA funds for a fixed term. It’s the perfect way to boost your savings—while still keeping all your HSA benefits—if you don’t need immediate access and want predictable returns with peace of mind.