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Health Savings Accts
Use pre-tax dollars to pay for future medical expenses!
You will be able to deduct your contributions to your HSA, and account earnings will accumulate on a tax-deferred basis. Best of all, distributions from your HSA are tax-free if they are used for medical expenses.
Benefits of an HSA include:
- Contributions to HSAs are not subject to federal income taxes.
- Earnings to an HSA from interest and investments are tax-free.
- Distributions from an HSA to pay for qualified medical expenses are tax-free.
- No monthly fee.
- No opening fee.
Links to Third Party Sites
You are now leaving the Maine Highlands Federal Credit Union (MHFCU) website. When you click on Proceed, you will be transferred to a website that is not operated by the credit union. MHFCU is not responsible for the content on the alternate site. MHFCU does not represent the third party or the member if the two enter into a transaction. Privacy, security, and accessibility policies of the alternate site may differ from those practiced by the credit union.