Health Savings Account

"Big medical bills have really hurt my finances. There must be some way to ease the pain."

Covers wide range of healthcare needs
Potential tax benefits
Account remains yours, even if you change jobs

Saving for medical expenses can become a meaningful part of your wellness plan.

Rising healthcare costs pile on stress at the moment you or your loved ones should be healing. With a Health Savings account (HSA) from Clearview, you can build up your savings in this special account to pay for all kinds of medical needs.

Knowing you have money set aside for either preventive or emergency care provides peace of mind, and you may also receive a tax benefit in the process. Over time, your credit union HSA can grow into a reliable resource that supports your ongoing health and financial goals.

Savings that support your well-being

Tax-free or tax-deductible contributions
Tax-free interest earned on your balance
Use funds for dental, vision, prescriptions, and other qualified medical expenses
Rollover balances year after year
Take your account with you if you change employers
Track available funds through digital banking

As a Pennsylvania-based credit union, Clearview combines digital convenience with local expertise to help members manage their health savings alongside their everyday finances.

Key considerations before you open an HSA

How a Health Savings account works

A Health Savings account, also known as an HSA, is a tax-advantaged savings account specifically designed for covering your qualified medical expenses and is available to individuals enrolled in a high-deductible health plan (HDHP).
Any contributions you choose to make are tax-free and tax-deductible and withdrawals are tax-free when utilized for qualified medical expenses. Plus, all interest earned on the account remains tax-free! Although Health Savings accounts can be offered through your employer, you can take the account with you if you change jobs.
Health Savings account eligibility
Due to federal regulations, you must meet the following qualifications to open an HSA:
You must be covered by a qualifying high-deductible health plan
You must not be covered by another general coverage medical plan or Medicare
You must not be eligible to be claimed as a dependent
These rules help determine whether this account is the right fit for your healthcare coverage and savings needs.
Understanding annual HSA rollovers

Contributions roll over year after year, so you don’t have to use HSA funds in the same year you put them in.