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Health Savings Account

Prepare for the cost of healthcare

Today’s healthcare environment is challenging for just about anyone needing healthcare (which is all of us, right?). A lot of people are experiencing higher premiums and reduced coverage from their health insurance plans. If that’s you, a Health Savings Account (or HSA) is a great way to save pre-tax dollars for all kinds of healthcare expenses.   

An HSA is a medical savings account that gives you more freedom to make your own healthcare decisions. It works like a checking account that’s just for qualified medical expenses — you make deposits into it like you would any other account, and then you can withdraw the funds in-person, write a check, or use our special HSA debit card to pay for qualified healthcare expenses and receive tax benefits.1 You can also make transfers into the account and easily access your funds via mobile banking, online banking, and 24/7 telephone banking.

You can choose a single or family program, based on your needs, and use the money in your HSA to pay for qualified medical expenses allowed by federal tax law. This usually includes most medical, dental, hearing, and vision expenses, as well as prescription drugs. Avadian can't offer you affordable surgery or bionic limbs — yet — but our HSA can give you the control and flexibility that takes some of the sting out of healthcare spending.

1Please reference the Internal Revenue website at to learn more about Health Savings Accounts, including contribution limits, withdrawals and eligibility requirements. Please consult with your tax adviser for any additional information. Avadian is not responsible for determining the nature of your withdrawals.

Eligibility is based on approval from information obtained from credit reporting agencies and if you have not previously caused Avadian a loss.


The credit union is federally insured by the National Credit Union Administration.
Additional insurance of up to $250,000 on your savings accounts is provided by Excess Share Insurance Corporation, a licensed insurance company.

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