BMI Federal Credit Union
Health Savings Accounts (HSAs)
Health Savings Made Easy
BMI Federal Credit Union offers Health Savings Account (HSA) Checking Accounts to help you save money while managing your healthcare payments.
Benefits of a BMI Federal Credit Union HSA Account
- Use your HSA Visa® Debit Card for easy account access
- Funds available for all qualified medical expenses*
- Four tiers available based on your minimum balance
- Earn dividends
- Deposits can be made pre-tax
- No age or income limits
Explore eligibility, contributions, distributions and more. Visit www.irs.gov, for the full publication of guidelines and benefits.
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HSA Investment Account
Investing your HSA dollars is different from traditional retirement investments, in that you can transfer money from your investments account back to your base HSA account at any time to pay health care needs for you and your dependents.
- Maximize your tax savings
- Earn more on your unused dollars
- Save for health care in retirement
- Take Control of your money and your investment activity
- Easy access to your money when you need it most
Open your account at myHSAinvestment.
Explore eligibility, contributions, distributions and more. Visit www.irs.gov, for the full publication of guidelines and benefits.
Use your 13 digit account number when opening your HSA Investment account. This number can be found in Online Banking in HSA Checking then Details & Settings.
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You'll Also Enjoy These Benefits with Your HSA Checking Account
Health Savings Accounts (HSAs) To Help You Save
| Product |
Minimum |
Maximum |
Rate |
APY1 |
| HSA Checking: Tier 1 |
N/A |
$2,499.99 |
0.35% |
0.35% |
| HSA Checking: Tier 2 |
$2,500.00 |
$9,999.99 |
0.50% |
0.50% |
| HSA Checking: Tier 3 |
$10,000.00 |
$24,999.99 |
0.75% |
0.75% |
| HSA Checking: Tier 4 |
$25,000.00 |
N/A |
1.00% |
1.00% |
Health Savings Account (HSA) rates effective 12:00 am on Tuesday, October 31, 2023
1 APY = Annual Percentage Yield. Rates are subject to change without notice. Fees such as a penalty for early withdrawal may reduce earnings.
Need Help?
- Contact a Member Service Representative at 614.707.4000
- Visit any of our five branches in Dublin, Columbus or Westerville
BMI FCU is not responsible and does not assume any responsibility for determining the eligibility to make contributions to an HSA, nor is the Credit Union responsible for determining the yearly HSA contribution limits. The information provided does not, and is not intended to, constitute legal or tax advice. Rather, all information, content, and materials is intended for general informational purposes only. Please work with your tax adviser or legal professional to obtain advice regarding your situation.
*Visit the IRS publication of guidelines to review qualified medical expenses.
+Card Alerts are provided at no additional cost from BMI FCU. Message and Data rates may apply. MyCardRules is a mobile application developed and maintained by Jack Henry and Associates for financial institutions that use JHA Card Processing Solutions™ card processing.
**If you are receiving Social Security retirement benefits you are likely automatically enrolled in Medicare.