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health Savings Accounts

Saving for your healthcare, matters!

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What is an HSA?

Health Savings Accounts (HSA) are tax-deductible accounts established exclusively for the purpose of paying or reimbursing qualified medical expenses that you, your spouse and your dependents incur. If you meet the eligibility requirements for an HSA you, your employer, your family members, and any other person may contribute to your HSA.

Great River Federal Credit Union offers two flexible HSA options.  Below are the features of HSA Savings and HSA Checking Accounts:

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No start-up fees

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No annual fee

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No minimum distribution amounts

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Free online account access

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Dividends compounded monthly

(on HSA Savings with balances over $10)

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Automatic deposit available

Ways to Access funds:

Use your Debit Card, Write a Check, Withdraw funds from an ATM, Visit any GRFCU Branch.

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Contactless Technology

Check out quickly and safely by tapping your contactless card on the check out terminal.  

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Pretty great right?

See if you’re eligible for an HSA.

You are eligible for a regular HSA contribution if you meet all of the following:

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Are covered under a high-deductible health plan (HDHP) on the first day of such month.

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Are not also covered by any other health plan that is not an HDHP.

(with certain exceptions for plans providing preventative care and limited types of permitted insurance and permitted coverage)

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Are not enrolled in Medicare.

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Cannot be claimed as a dependent on another individual’s tax return.

Open your Health Savings Account! 

By Phone

Conveniently add a Health Savings Account to your existing account by calling 320.252.5393 or 1.888.211.5393.

Give Us a Visit

Sometimes a face-to-face conversation is ideal, or maybe you just want to get out of the house.  Visit any of our locations to open your account.

Go Live - Video Chat

Open your account with Great River Go Live-video chat with your smart phone or computer.  Speak with our Member Advisors in real time anywhere you go!

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Want to learn more about Health Savings Accounts?

Visit the IRS Website or call 320.252.5393 and ask to speak to a Member Advisor.

Consult your tax or legal professional for specific information. Visit the IRS website for helpful information including, but not limited to; IRS Publication 969, health savings accounts, other tax-favored health plans, and the instructions to IRS Form 8889.

Savings

Having a variety of savings account options for our members matters. Find the best savings account for you.

Personal Loans

Where and how your debit is structured matters. Shop our personal loans to get where you need to be. 

BECOME A MEMBER

Your story may bring you here in celebration, because of exciting future plans, or a life changing event. Maybe you are struggling and looking for help, or perhaps going to the credit union is an errand in your day. All of these stories matter to us!