Health Savings Account

Be Wise, and Plan Ahead

Prepare for Medical Expenses with an HSA


What if you had more control over the money you spend on health care each year? When you open a Tri-CU Health Savings Account (HSA), in combination with a qualified high deductible health plan, you’re able to prepare for medical emergencies and general health care costs in an affordable and convenient way. Managing health expenses is all about planning. Prepare for your health care today with HSAs from Tri-CU – call us so we can  help determine if you are eligible!



A Health Savings Account is a financial tool used to pay medical bills and can be used as a savings account for future medical expenses. You can contribute to your account each month or on a yearly basis and it builds wealth over time. You can access HSA funds for qualified medical expenses at any time.



HSAs are great tools for many, but there’s a catch: You can only open an HSA if you are enrolled in a qualifying high deductible health care plan (HDHP). Having an HDHP means that you need to pay a larger amount of out-of-pocket costs before your insurance plan kicks in, but you pay less in monthly premiums during the year. An HDHP could make sense if you or your family are at a point in life where your average yearly medical expenses are manageable. If you already have a HDHP through your employer, you could use an HSA to start saving for your medical expenses right away.



  • 1. It’s a form of savings: Think of your HSA as another savings account. You can automatically deposit money into it, and unlike a Flexible Spending Account, the funds you don’t use roll over year-to-year. You won’t lose them. HSAs could also play a role in your retirement planning. After you turn 65, you can withdraw cash for non-medical purposes penalty free.
  • 2. It’s a form of protection: When you set up your HSA, you’re putting a buffer in place so that when you do have medical costs, you have funds available to pay the bills.
  • 3. It’s easy: Think of your HSA as another asset in your financial tool box. HSAs are portable. That means that it’s not connected to your employer. An HSA is yours – it travels with you throughout your career and into retirement. By opening an HSA you’re building a tax-free fund to use for medical expenses at any time in your life.



This information is not intended and should not be construed as legal, investment or tax advice. Please consult your attorney, tax advisor or other appropriate professional for such advice, including advice regarding the deductibility of contributions and advice on how this information applies to your individual circumstances. Tri-CU Credit Union cannot and does not guarantee the accuracy or completeness of this information or the applicability of it to your individual circumstances and does not bear any liability as a result of your reliance on this information

3213 W. 19th Ave, Kennewick, WA 99337


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