• Must maintain a minimum $25 account balance
  • Earnings are tax-deferred and remain tax-free if they are used to pay for qualified medical expenses
  • Unused HSA funds grow annually at our competitive, tiered rates, allowing you to save for future expenses
  • Dividends are compounded daily and posted monthly
  • Includes an Empower HSA debit card and checks to access funds conveniently
  • No administrative or annual fees
  • Transfers and withdrawals are subject to Regulation D
  • Must be covered exclusively by a High-Deductible Health Plan (HDHP)
  • Cannot be covered by another health plan
  • Cannot be enrolled in Medicare or be claimed as a dependent on another person's tax return
  • Deductibles and contribution limits are revised each year to reflect cost-of-living increases
  • Contributions for a particular tax year can be made as late as April 15 of the following year
  • In addition to the standard Health Savings Account contribution limits, if you have reached age 55 before the close of a taxable year, you may contribute an additional amount, known as a "catch-up contribution"
  • Set up Direct Deposit to simplify the process
  • All personal contributions are tax-deductible
  • Earnings (dividends) are tax-exempt
  • Withdrawals are tax-free when used for qualified medical expenses
  • Consult your tax advisor to determine if this account is right for you
EMPOWER
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BENEFITS
HSA+ Debit Mastercard
Empower HSA Debit Mastercard
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+Health Savings Account

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To offer Health Savings Accounts to your employees, contact Empower’s Business Development Department at 800.462.5000, ext. 6589.

What do you want out of life?

Empower Federal Credit Union welcomes employees of many companies, immediate family/household members of employees and retirees, as well as our outreach to underserved communities to enjoy personal and business banking solutions including auto loans, mortgages*, credit cards and more. Bank online, in any central NY branch, or call us at 315.477.2200.

* Home mortgages available in FL, PA, CT, NY and NC.