Health Savings Accounts (HSAs)

Is it just us, or do healthcare costs seem to be going up every year? A Health Savings Account (HSA) may help you stay on top of your medical expenses.

DCECU Health Savings Accounts are specifically for individuals and families enrolled in a High-Deductible Health Plan as defined by the United States Internal Revenue Service (IRS) or who have funds in a previously existing Health Savings Account.

If you have questions regarding whether your health plan qualifies for HSA contributions, please contact your plan administrator.


Our members with eligible HSA plans will have:

  • Potential to build more savings through investing. Members can choose from a variety of HSA self-directed investment options.
  • A tax-advantaged savings account that they can use to pay for eligible medical expenses as well as deductible, co-insurance, prescriptions, vision, and dental care.
  • Unused funds that will roll over year to year. There’s no “use it or lose it” rule.
  • A transactional HSA checking account with an HSA Visa® Debit Card specifically for easy payment from your HSA.
  • Additional retirement savings. After age 65, funds can be withdrawn for any purpose without penalty but may be subject to income tax if not used for qualified medical expenses.

Contribution and withdrawal limitations, qualified medical expenses, tax advantages, and other investment advice should come from a qualified tax professional or financial advisor.

Investment Options

The credit union offers a variety of investment options for your HSA:

If you wish to enroll, or have a question about HSAs, please call or stop by.