Skip to main content
Woman shaking a doctor's hand

Health Savings Account

Save and pay for qualified medical expenses with a health savings account (HSA) at NCPAFCU. 

Open account

Benefits of an HSA with NCPAFCU

Manage health care costs with a tax-advantaged health savings account. HSAs work in conjunction with a qualified High Deductible Health Plan (HDHP) to offer the following benefits.

Open account

  • Contributions are tax-deductible.

  • Distributions for qualified medical expenses are tax-free.

  • Unused HSA funds can remain in the account year after year.

  • HSA funds can be used to pay for qualified medical expenses for you, your spouse, and your dependents.

  • Contributions can be made by you, your employer, or other individuals on your behalf.

  • A special HSA Debit Card for purchases and ATM transactions.

  • Access your account online through Press Pass, at an ATM or your local branch, via Press For Info, and through Member Services Support at (888) 732-8562.

  • Deposits are insured by the National Credit Union Share Insurance Fund (NCUSIF), a component of NCUA.

Additional account information:

Are you eligible for an HSA?

To make contributions to an HSA, the account owner must meet all of the following requirements:

  • Covered under a qualified HDHP (defined below)

  • Not covered by any other major medical health plan that is not a qualified HDHP

  • Not enrolled in Medicare

  • Not be claimed as a dependent on another person's tax return

How HSAs work

An HDHP is a health insurance plan that has a minimum annual deductible and a maximum out-of-pocket expense cap. The deductible is the amount the insured must pay toward medical expenses, including prescriptions, before payments from the insurance company begin. The exception to this rule is preventive care (such as annual physicals or immunizations). Such care is covered by the insurance company regardless of the deductible.

The maximum out-of-pocket expense cap is the maximum amount the insured must pay toward medical expenses for the year. Any additional approved charges are paid for by the insurance company. Therefore, the cap limits the insured’s responsibility for large medical bills. Because of the high deductible, HDHPs have lower premiums than traditional health plans. Deductible and out-of-pocket expense limits for HDHPs are listed below by year.

Minimum annual deductible 

YearSingle coverageFamily coverage
2025$1,650
$3,300
2026$1,700$3,400

Maximum out-of-pocket expense cap

YearSingle coverageFamily coverage
2025$8,300
$16,600
2026$8,500$17,000
Deductible and out-of-pocket expense limits may be adjusted annually to account for cost-of-living increases.

Contributions

Contributions2 for the current year can be made until the tax filing deadline of the following year (for example, contributions for 2025 can be made until April 15, 2026). The contribution limits, which are based on the type of coverage, are as follows:

YearSingle coverageFamily coverage
2025$4,300
$8,550
2026$4,400$8,750

Eligible individuals who are age 55 or older can contribute an additional $1,000 to their HSAs. 

Tax treatment of withdrawals
Withdrawals are tax free if the funds are used exclusively for paying or reimbursing qualified medical expenses (e.g., doctor visits, prescription drugs, and dental care visits for the account owner, their spouse, and their dependents). To be qualified, medical expenses must be incurred after the account is opened. Refer to IRS publications 969 and 502 for more information and a complete list of qualified medical expenses.

Rollovers
All or any portion of funds withdrawn from an HSA or from an Archer Medical Savings Account (Archer MSA),3 can be deposited back to an HSA as a rollover contribution according to the following rules:

  • Rollovers are not subject to the annual contribution limits; however, owners can make only one rollover within a 12-month period.
  • To qualify as a rollover and avoid a tax penalty, withdrawn funds must be re-deposited within 60 calendar days.

Transfers
All or any portions of the funds in an HSA or in an Archer MSA can be transferred directly to another HSA tax-free. Transfers are made from custodian to custodian. Because the account owner never has the funds in his or her possession, an unlimited number of transfers are allowed without a tax penalty.

You can apply for a health savings account online via Press Pass or open an account at your local branch.

  1. Dividend rate and annual percentage yield (APY) are variable and subject to change daily at the discretion of the Board of Directors.
  2. Eligible individuals who are age 55 or older can contribute an additional $1,000 to their HSAs. Contribution limits are indexed for inflation and can change annually.
  3. An Archer MSA was a tax-deferred medical saving program that expired on December 31, 2007. After this date, no new Archer MSAs could be established; however, some Archer MSAs are still active.