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Health Savings Account

Your business can offer an extra benefit without spending extra money. At Indiana Members Credit Union, we'll help your employees open Health Savings Accounts that can be used to pay for future medical, dental, and vision care.1
 
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Help your team get well and stay healthy.

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Offer an added employee benefit at no cost to your business.
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Reward your employees with contributions through pre-tax deductions.2
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IMCU can visit your worksite to help employees open accounts and HSA needs.

Get local support for your Health Savings Account partner.

We provide HSAs to businesses with just a handful of employees – and to those with hundreds of workers spread across multiple locations. The popularity comes as no surprise – as healthcare costs rise, consumers are looking for all possible payment options. Our HSAs pay progressively higher dividends and no monthly or yearly account fees.
 
  • There's no cost to the employer or employees.
  • Employers can contribute pre-tax funds or employees can make their own deposits.
  • Deposits earn dividends, with our tiered rate system rewarding bigger balances.3
  • HSA Certificates4 and myHSAinvestments5 are available for additional savings opportunities. 
  • Funds can be used for any qualified medical expenses. 
  • All accounts come with HSA debit cards.
  • Access to Online and Mobile Banking.
  • HSA eligibility requires enrollment in a high-deductible health plan (HDHP) as defined annually by the IRS.

If you would like to learn more about offering this affordable option to your employees, contact Gina Terril, VP, Business Development, at 317.554.8163 or ginat@imcu.com.
 
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Current HSA Rates

Helping you save for medical expenses and treatment.


  • An addition to your benefits package that helps attract and retain employees.
  • No application or account fees.
  • Onsite enrollment for employees.
  • A dedicated IMCU representative is available as a key point of contact for questions and guidance.
  • Secure, encrypted emails for account onboarding with direct deposit details.
  • No minimum account balance.
  • No monthly fee or annual maintenance fees.
  • Funds may be invested in standard HSA or in HSA Certificate or HSA Investment options.
  • All annual dividend earnings are tax-exempt.
  • All withdrawals for qualified medical expenses are tax-free.
  • Any contributions unused at the end of the year automatically roll over to the following year.
  • HSAs stay with an employee even if they change jobs or stop working.
















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Boost your health care savings with Certificate options. 


Our HSA Certificates deliver higher dividend rates when you leave your money deposited for 6 to 84 months. These are safe, secure investment opportunities with fixed rates on a minimum deposit of $1,000.4

















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Use myHSAInvestments to build up additional savings. 


You can maximize your health care savings now and in retirement with this self-directed investment option.
IMCU requires $2,500 to open a myHSAInvestments5 with a $35 annual fee.




















































1All accounts require a membership savings account. Additional fees may apply. See IMCU's fee disclosure for details.

²IMCU is not licensed to provide tax advice. Non-qualified withdrawals may be subject to taxes and penalties.

3Dividends are compounded monthly and credited on the last day of every month. Rates are subject to change. Fees could reduce earnings. APY = Annual Percentage Yield.  See IMCU's rates page.
 
4Certificates: Early withdrawal penalty may apply and could reduce earnings. See IMCU’s fee disclosure for details. 
 
5Investment products are not federally insured, are not obligations of the credit union, and may involve investment risk, including possible loss of principal.