HSAs

At WyHy Federal Credit Union, we offer Health Savings Accounts (HSAs) that empower you to manage your healthcare expenses efficiently while saving for future medical costs. Our HSAs come with significant tax advantages and unparalleled flexibility, ensuring you have complete control over your healthcare spending.

Key Features of WyHy HSAs

• Tax Advantages
  • Tax-Deductible Contributions: Reduce your taxable income with contributions to your HSA.
  • Tax-Free Withdrawals: Enjoy tax-free withdrawals for qualified medical expenses.
  • Tax-Deferred Growth: Allow your HSA funds to grow tax-deferred, maximizing your savings potential.
• Flexible Spending
  • Qualified Medical Expenses: Use your HSA funds for a variety of medical expenses, including doctor visits, prescriptions, and medical supplies.
  • No Spending Deadlines: Save your funds for future healthcare needs or use them as necessary, without any spending deadlines.
• Contribution Options
  • Multiple Contribution Methods: Make contributions through payroll deductions, direct deposits, or manual deposits.
  • IRS Contribution Limits: Take full advantage of annual contribution limits set by the IRS to maximize your tax benefits.
• No Minimum Balance
  • Start Saving Immediately: Open an HSA without a minimum balance requirement, providing flexibility for both routine medical costs and unexpected emergencies.
  • Start Earning Quickly: No minimum balance to earn 0.05% APY*
• Online Access
  • Convenient Account Management: Manage your HSA online or through our mobile banking app.
  • Real-Time Information: View your account balance, track contributions and withdrawals, and access important tax documents anytime, anywhere.