Southern Lakes Credit Union was one of the first credit unions in the country to provide HSAs/Health Savings Accounts to their members. An HSA can be a significant tool in helping you and your family to save and pay for your health care needs.

As health care costs continue to reach record highs, a Health Savings Account enables you to save for current and future medical expenses not covered by your present healthcare plan.

A Health Savings Account (HSA) is a savings account that allows individuals to pay for qualified out-of-pocket medical expenses using tax-free dollars. Unlike more traditional health care accounts, the funds in an HSA belong to the individual, not the employer or the health insurance company, and travel with the individual as they switch jobs, employers and health insurance companies.

Are You Eligible to Have an HSA?

Any adult can contribute to an HSA if they:

• Have coverage under an HSA-qualified "high deductible health plan" - (HDHP.)
• Are not covered by any other health plan that is not an HDHP (with exceptions for plans providing certain limited types of coverage.)
• Are not yet enrolled in Medicare (generally, has not yet reached 65.)
• Cannot be claimed as a dependent on someone else's tax return.

Starting in 2026 all ACA Bronze and Catastrophic plans purchased through the Marketplace, Healthcare dot gov or state exchanges are now automatically considered HSA-compatible. 

Expanded Availability of Health Savings Accounts under the One,Big, Beautiful Bil Act (OBBBA)

IRA Notice 2026-5

Are you tried of overpaying for your medications?

Download our FREE Rx Discount Card

Anyone can join. You dont need an HSA

No membership fees • No credit card required • No expiration • One card for the whole family

*This savings program is not health insurance and cannot be used in conjunction with insurance. The range of discounts for prescription services provided under the card will vary depending on the type of pharmacy and medication received. Plan member is obligated to pay for all prescriptions, but will receive a discount from those pharmacies that have contracted with the discount card.