Members Cooperative CU Launches Health Savings Accounts
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.