Members Cooperative CU Launches Health Savings Accounts

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DULUTH, Minn. Members Cooperative CU has become the latest credit union to offer members tax deductible Health Savings Accounts.

A Health Savings Account is available to anyone who is part of a high-deductible health plan. Distributions for qualified medical expenses may be tax-free, and the funds may be rolled over from year to year.  

The account is portable, so even if employers or health plans change, the money stays with the individual.

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