Merced School Employees Federal Credit Union

Merced School Employees Federal Credit Union
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Health Savings Account

A Health Savings Account (HSA) is an account that you can put money into to save for current and future medical expense, which generally includes medical, dental and vision. An HSA allows you to reduce your insurance premium by choosing a low-premium, High Deductible Health Plan (HDHP). Instead of paying a high premium to a health insurer, use the difference in the premium to fund your HSA and begin building financial security.

There are certain advantages to putting money into these accounts, including favorable tax benefits. You control this money, deciding how to spend it on your health care needs and whatever you don’t spend is yours to keep — forever. It becomes a financial asset that you can use as an additional source of retirement income.

Our HSA has all the features, convenience and control you want, plus we offer an HSA loan to fund the account. There’s no better place to have your HSA than with us…it’s easy to open, easy to fund, and easy to use.

HSA – Health Savings Account

The HSA is a checking account so you can pay for qualified medical expenses by check or with an MSEFCU HSA debit card. You can manage your account from the comfort of your home, anytime of the day or night.

Some HSA Benefits:

  • No minimum deposit
  • Access your account 24/7- with cu@home online banking, our mobile money app or by touchtone phone
  • Manage your account-check your balance, view account history and account statements
  • Helps ease out of pocket expenses
  • Tax savings (Be sure to consult your tax advisor)

Convenient Deposit Options:

  • Direct Deposit a portion of your paycheck into your HSA
  • Set up a recurring auto transfer
  • Visit a branch
  • Make an HSA loan to fund the account. (Based on credit approval, loan can be made annually)


To learn more about Health Savings Accounts call us at 209-383-5550. To learn about HSAs in general, visit and search “Publication 969” or “HSA”.

Be sure to consult with a tax advisor regarding your HSA deduction.

An HDHP may be HSA-eligible if it satisfies the IRS’ annual deductible and out of pocket expense limits. The rules that define an HSA-eligible HDHP can be complicated so check with your employer or insurance provider to see if your health plan is HSA-eligible.

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More information on our products, services or feedback on our Web site | Phone: 209-383-5550 or 800-542-2345 | Fax: 209-383-2308 | Email Us

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Merced School Employees Federal Credit Union