Health Savings

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Are you paying more out of pocket for health care than you hoped?
Does your health plan leave you feeling ill?
Are you wondering how you'll cover your next office visit? 

A Desert Schools Health Savings account (HSA) is designed to pay many of the medical expenses that your health plan may not. You and your family deserve quality health care and shouldn't have to worry about how to cover it.

Unused money is not lost at the end of the year, and you can have contributions deducted automatically from your paycheck before taxes. For ease of use, simply swipe your HSA Visa® card for eligible expenses, or write the card number on the bill and return it to your provider for reimbursement. Withdrawals for qualified medical expenses are tax free.


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  • No minimum balance
  • No monthly service fee
  • Dividends paid monthly on full balance1
  • Unused money rolls to future years
  • Automatic pre-tax payroll deductions2
  • Payment convenience with an HSA Visa® card
  • Free Online Banking and PAL
  • Free eStatements and Alerts
To get started, consult your employer or health care provider about setting up the required high-deductible health plan. Members with an HSA may also qualify for Direct Deposit.

1Health Savings is a variable rate account. Dividend Rate and Annual Percentage Yield (APY) may change after the account is opened.
2If offered by your employer. Amount may not exceed your health plan deductible or the IRS maximum allowable contributions of $3,000 for an individual or $5,950 for a family for 2009. Maximum catch-up contribution for 55 and older 2009 annual deposit limit is $1,000. Consult your tax adviser.

No foreign ATM or Share Branching transactions permitted; Bill Pay, PAL transfers and overdraft are not available.

Equal Housing Lender Your savings federally insured to at least $250,000 and backed by the full faith and credit of the United States Government. National Credit Union Administration, a U.S.Government Agency. ©2014 Desert Schools Federal Credit Union