A Health Savings Account or HSA is an alternative to traditional health insurance. It is a savings product that enables you to pay for current health expenses and save for future qualified medical and retiree health expenses on a tax-free basis. You own and control the money in your HSA. Decisions on how to spend the money are made by you without relying on a third party or a health insurer.

A STAR Health Savings Account (HSA), combined with a high-deductible health plan (HDHP), allows you to save for future medical expenses and will typically lower your health premiums. Talk to your employer or insurance agent and tell them about the STAR Credit Union HSA. Then give us a call. We’ll be glad to answer any questions you may have.

STAR Health Savings Account

• $50 minimum balance required to open the HSA account
• STAR Membership Account is required—minimum balance $10
• First box of 50 duplicate checks are free
• Unlimited check writing and no transaction fee
• Free 24-Hour Telephone Teller
• Free 24-Hour access to our Online Banking system (including check images)
• Earn tiered dividends on entire balance in account (minimum $100 to start earning interest)
• No annual fee
• $25 account setup fee (waived if transferring from an existing HSA)
• $2 monthly fee with eStatements ($3 for paper statement)
• $25 account closing

See the Savings Overview page for more information.