• Must maintain a minimum $1 account balance
  • Earnings are tax-deferred and remain tax-free if they are used to pay for qualified medical expenses
  • Unused HSA funds grow annually at our competitive, tiered rates, allowing you to save for future expenses
  • Dividends are compounded daily and posted monthly
  • Includes an Empower HSA debit card and checks to access funds conveniently
  • No administrative or annual fees
  • Transfers and withdrawals are subject to Regulation D
  • Must be covered exclusively by a High-Deductible Health Plan (HDHP)
  • Cannot be covered by another health plan
  • Cannot be enrolled in Medicare or be claimed as a dependent on another person's tax return
  • Deductibles and contribution limits are revised each year to reflect cost-of-living increases
  • Contributions for a particular tax year can be made as late as April 15 of the following year
  • In addition to the standard Health Savings Account contribution limits, if you have reached age 55 before the close of a taxable year, you may contribute an additional amount, known as a "catch-up contribution"
  • Set up Direct Deposit to simplify the process
  • All personal contributions are tax-deductible
  • Earnings (dividends) are tax-exempt
  • Withdrawals are tax-free when used for qualified medical expenses
  • Consult your tax advisor to determine if this account is right for you
HSA+ Debit Mastercard
Empower HSA Debit Card
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+Health Savings Account

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Companies interested in offering Health Savings Accounts to their employees should contact Empower’s Business Development Department: 800.462.5000.

What do you want out of life?

Empower Federal Credit Union welcomes employees of many companies, immediate family/household members of employees and retirees, as well as our outreach to underserved communities to enjoy personal and business banking solutions including auto loans, mortgages*, credit cards and more. Bank online, in any central NY branch, or call us at 315.477.2200.

* Home mortgages available in FL, PA, CT, NY and NC.