Health Savings Accounts
Don't let unexpected medical bills harm your financial health. By setting aside money to cover doctor, hospital and dental care costs, you'll enjoy tax benefits as well as some peace of mind.
Special Fraud Alert: Scammers are working hard to steal your online banking credentials and credit/debit card numbers by tricking you into revealing this information. Beware of unsolicited phone calls, texts, and emails, and NEVER share your online banking password or one-time PIN with anyone. Read more about the fraud and what to do.
Upcoming Holiday Hours: Branch offices will be closed Monday, Oct. 10. Access your accounts 24/7 through MSGCU Online or Mobile Banking.
Health Savings Accounts are designed for individuals covered by a High Deductible Health Plan. Once you open an account, you can contribute up to the limit set by law, which is $7,300 per family (or $3,650 for an individual) for 2022. At that point, you can use your Michigan Schools and Government Credit Union account to pay for current health expenses and save for future expenses.
Review complete terms and conditions. *Please consult a tax adviser for more information. **Members are responsible for ensuring that withdrawals are for qualified medical expenses.
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