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  1. Home
  2. Personal Savings
  3. Health Savings Account (HSA)

Invest in your health for a better tomorrow.

Healthcare expenses can be scary – but we can help you ease the sting a little. Your Alltru Health Savings Account lets you save toward future medical expenses. Even better, these savings are pre-tax – so you’re effectively reducing your taxable income, which saves you even more.

You’ll receive a Visa debit card linked to this account, which can be used to pay for:

  • Doctor’s office visits
  • Prescriptions
  • Vision expenses
  • Dental expenses
  • Long-term care insurance
Alltru Member Marshal smiling while sitting outside in St. Louis. Photo is inside of a circle shape.

Marshal

Alltru Member

Alltru Representative Nicole is sitting inside the Wentzville Alltru Credit Union branch. She has one hand resting on the back of her chair while she smiles at the camera. Photo is inside of a circle shape.

Nicole

Alltru Representative

Alltru Health Savings Account

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APY*

 
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Contact us for more information about HSAs.

Alltru Health Savings Account Features

Here are the benefits.

It’s your money, always.

The money you deposit in your HSA is yours forever. There are no “use it or lose it” requirements. You even earn interest tax-free.

Use it for healthcare expenses.

You’ll receive a free, dedicated debit card you can use for qualifying healthcare expenses. You will also be able to manage your account with online and mobile banking.

Save on your taxes.

If your employer offers an HSA, your contributions will be taken out before taxes, which may save you money at tax time. If you’re starting your HSA on your own, you can make contributions throughout the year. We will send you a tax form showing your contributions you can use to reduce your income when you file your taxes. (Consult your tax advisor for more information.)

Commonly Asked Questions

Want to know more about Health Savings accounts? Explore a few commonly asked questions below.

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The HSA account holder must satisfy four requirements:

  • Be covered by a High Deductible Health Plan (HDHP)
  • Not be covered by another type of insurance (unless it’s a dental or vision plan; or another qualified HDHP)
  • Not be enrolled in Medicare
  • Not be claimed as a dependent on another person’s tax return

Yes, but the funds will be subject to income tax and a 20% IRS penalty (penalty does not apply after age 65)

  • Payroll deduction (if offered by your employer)
  • Electronic transfer (from your checking or other savings account using online banking)
  • In branch deposits into your HSA account

Alltru Credit Union provides you with several ways to access your funds to pay for medical expenses:

  • An HSA Visa debit card
  • Online banking
  • Withdraw cash from Alltru Credit Union branch
  • $3,600 single coverage
  • $7,200 family coverage
  • Individuals age 55 and older are permitted to make an additional $1,000 “catch-up” contribution

Yes, HSA owners may move their HSA assets to another financial organization, even if the contributions were made by their employers

Alltru Savings Accounts

CDs & IRAs

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Up to

4.50%

APY*

RollUp Savings

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5.01%

APY*

High Yield Online Savings

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2.00%

APY*
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Health Savings Account (HSA)

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.10%

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“Everyone is really helpful and if there’s ever an issue they always get it squared away immediately and make sure that I’m getting taken care of.”

Andrea
Alltru Member
Icon with a hand and leaf above hand to represent making the most out of your money

Make the most of your money.

See how to meet your savings goals

Interested in enrolling in an HSA?

Here's where to begin

It never hurts to be prepared.

Consider emergency savings

Let’s Talk

We’re in your neighborhood.

We are St. Louis, through and through. We have branches throughout the metro area. Plus, as a member you’ll have free access to hundreds of local ATMs.