Midcoast FCU / Accounts / Health Savings Account

Health Savings Account

If you offer a high deductible health care plan (HDHP) to your employees, equip them with a tax-advantaged, Midcoast Health Savings Account. They can save for unforeseen health-related expenses and health insurance deductibles, tax-free.

No minimum balance or deposit
Interest bearing account
Roll savings year after year without penalties

Open an Account

View Rates

Health savings Account for your employees

HSA is the perfect complement to your High Deductible Health Plan (HDHP)

Our HSA gives you and your employees flexibility and control over healthcare expenses, as it provides an account to meet your health insurance deductible and prepare for unforeseen health-related expenses. Open a Midcoast FCU Health Savings Account today!

View HSA Application & Disclosure

2024 Deductible, Out of Pocket Maximum, and Contribution Limits as set by the IRS*:

Minimum deductible for individual coverage – $1,600
Minimum deductible for family coverage – $3,200
Maximum out of pocket expense for individual coverage – $8,050
Maximum out of pocket expense for family coverage – $16,100
Maximum contribution for individual coverage – $4,150
Maximum contribution for family coverage – $8,300

*Determined annually by the IRS and subject to change.

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Interact with us and manage your accounts in all the ways that work best for you. Our Digital Banking platform has the same look, feel, and functionality across all of your devices: computer, tablet, and mobile device.

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Make your everyday tasks easier and more convenient with our eServices. Access your account and all our integrated tools from your smartphone or desktop.