NASA Federal - Health Savings Accounts (HSA)

Take advantage of tax benefits while you save for medical expenses.

A Health Savings Account (HSA) is an important component of a High Deductible Health Plan (HDHP). It's a savings product that offers a different way for you to pay for your health care. HSAs allow you to pay for current health expenses and build savings for future qualified medical and retiree health expenses on a tax-free basis. You, your employer or another person can make HSA contributions on your behalf.

Benefits of a NASA Federal HSA

A NASA Federal HSA delivers all the tax advantages of an ordinary Health Savings Account, along with the exceptional convenience, service and support we're known for. Benefits of a NASA Federal HSA include:

Make tax-deductible contributions at any time
Receive tax-exempt dividends
Earn competitive interest rates on your HSA savings
Carry over unused funds and dividends, without limit, from year to year, even into retirement
Access your HSA quickly and easily with the free NASA Federal HSA Debit Card – at the doctor's office, pharmacy or anywhere else you make qualified medical payments or purchases
Maintain ownership over your HSA even when you change plans or retire
Make contributions to your HSA through direct deposit, ATM, AutoTransfer, phone, online or in branch
Pay no monthly or annual maintenance fees for your NASA Federal HSA
Manage your account 24/7 with eBranch or Contact-24 Telephone Banking

Eligibility Requirements

You must be a NASA Federal member and be covered by a High Deductible Health Plan (HDHP) to take advantage of an HSA. An HDHP generally costs less than traditional health care coverage does, so the money you save on insurance can be put into your Health Savings Account. An HDHP is a health plan with a deductible* of at least $1,200 for an individual or $2,400 for a family and a maximum annual out of pocket expense of $5,950 for an individual or $11,900 for a family. Visit our online eligibility calculator to see if an HSA is right for you.

Choose Your Account Option

NASA Federal offers two HSA options. Put your funds in one or both of these accounts:

Health Savings Account – Ideal if you plan to access your funds on a regular basis. Your HSA earns dividends and you have easy access to your funds via a free NASA Federal Visa Debit Card. View Health Savings rates.
Health Savings Certificate – Don't need access to your funds right away? Earn higher dividends with a Health Savings Certificate in either a 6-month or a 12-month term. View Health Savings Certificate rates.

Open an HSA Today

Take control of your health care expenses today. Click here for the information you need to open an HSA today.

Once you open your HSA, you can add an authorized signer easily by completing and submittting an Authorized Signer Form.

If you have questions, please contact our Health Savings Account Specialists Monday through Friday, from 8:00 a.m. - 4:15 p.m. by e-mail at hsa@nasafcu.com or by phone at 301-249-1800 or toll-free, 1-888-NASA-FCU (627-2328).

Learn More

*Deductible amounts as of January 1, 2010.