Employer HSA

Employer Enhanced Health Savings Account (HSA)

Attract and retain your employees by offering them a Wright-Patt Credit Union® (WPCU®) Health Savings Account plan. HSAs work in conjunction with High Deductible Health Plans and contributions made to them by you and your employees are tax free. Dividends are earned tax-free and qualified medical expense withdrawals are tax-free as well.

WPCU’s Enhanced HSA has the benefits you and your employees need to make saving for health-related expenses easy while earning one of our highest savings rates.

Here’s how it works:

Our Enhanced HSA earns one of our highest savings rates – 7.00% APY - on the first $1,000! Balances greater than $1,000 earns a rate of 1.25% - 7.00% APY.

WPCU is simply the custodian of your employee’s HSA. For questions regarding the administration of the Enhanced HSA including but not limited to HSA eligibility, qualified medical expenses, contribution limits, High Deductible Health Insurance Plans, or tax implications, your employees will need to consult with you as their employer, speak with a tax professional, or visit IRS.gov. 

Benefit Highlights:

• Earn one of our highest savings rates
• Dividends are earned tax-free and qualified medical expense withdrawals are tax-free also
• Employees can manage their account easily with WPCU’s Mobile and Online Banking and Bill Pay
• Get a free HSA Visa® debit card
• Save money with no account set-up or monthly maintenance/service fees
• No minimum balance requirement to open an account