Health Savings Accounts (HSAs)

We wish all our members a lifetime of good health. But the fact is, nearly every family endures a health crisis at some point. With an HSA, you don't have to scramble to pay those high insurance deductibles. You simply draw on pre-tax money you have set aside for medical care.

  • Designed for individuals or families with high-deductible health insurance plans
  • Can be used to help cover medical expenses now and in the future
  • Funded by pre-tax dollars and remains free from federal income tax when used for qualified medical expenses
  • Funds (and any dividends earned) can be rolled over to the next year
  • Earns dividend
  • Pay for qualified medical expenses easily with a TCU Debit Mastercard®

To make the most out of your HSA, contribute the maximum amount allowed, see chart below:

Tax Year 2022* Tax Year 2023
Self: $3,650 Self: $3,850
Family: $7,300 Family: $7,750

Aim to save up to the amount of your insurance deductible or more to give yourself the chance to pay-off the deductible with tax-fee funds from your HSA and to cover your estimated expenses.

* Taxpayers who are 55 or older in $4,850