Best HSA

Why Worry about HSA Savings?

Friday, May 7, 2010 by FCFCU Web Team

HSA accounts can be used to supplement you current health insurance coverage and allow you to make substantial savings on your health plan. There are a number of plans that are available and factors like age, previous medical history and area of residence that will determine the features of the plan.

You can choose the best HSA plan available depending on your individual needs and requirements. If an individual makes contributions on a yearly basis and does not use the funds saved, then the HSA savings will accumulate over the years. This money can be utilized to invest in stocks, bonds and mutual funds.

These funds can be used for qualified medical expenses like visits to the doctor, eye doctor and dental care as well as for buying prescription drugs and over the counter medications.

If you want to learn more about a bank health savings account, please don't hesitate to get in touch with Financial Center of Indianapolis. You might also be interested in Reward Checking which earns dividends.

What are HSA Health Plans?

Wednesday, May 5, 2010 by FCFCU Web Team

Insurance companies offer HSA health plans which are paired with high deductible health insurance plans and help reduce the premium rates as much as 30%. When you switch from a traditional health insurance plan to health savings accounts plan, you end up saving substantial amounts of money every month.

Our health savings account FAQ will provide you details about how much money, you can put in your health savings account and what the tax savings will be due to that. You can also get detailed information about the various HSA benefits, how much money you can contribute and how to withdraw money from your account.

Individuals can research the various HSA health plans online and choose the plan that best suits their needs. You can compare the premiums offered by most companies and decide what will be beneficial for you and your family.

If you want to learn more about HSA savings, please don't hesitate to get in touch with Financial Center of Indianapolis. You might also be interested in our Reward Checking which earns dividends.

Need A Medical Savings Account Indianapolis?

Wednesday, April 21, 2010 by FCFCU Web Team

Did you know that funds that are saved in your HSA account can be utilized to pay for any medical expenses, dental and eye surgery, buying prescription drugs and over the counter medications? It's true.

Most banks and credit unions offer these accounts and you check the features of each plan and decide on the best HSA plan available. The plans differ on the basis of age, gender, residence and health history. The premium to be paid could vary due to all this factors.

After you make an application to open HSA accounts, your application will be reviewed by an underwriter to determine your eligibility. There are no income limits to open the account and make a contribution subject to the restrictions.

Just think of how you can invest the money that you have saved in stocks, bonds and mutual funds.

If you want to learn more about a medical savings account Indianapolis, please don't hesitate to get in touch with Financial Center of Indianapolis.

Looking for the Best HSA Plan?

Wednesday, April 21, 2010 by FCFCU Web Team

HSA accounts help save money on health care. Employers who contribute towards their employee’s health plan also save a lot of money. HSA savings for individuals amount to $100.00 - $300.00 per month and over a number of years, this amount becomes quite substantial.

Contributions can be made by anyone on behalf of the beneficiary. An individual over the age of 65 can make a contribution to the account of an individual who is under the age of 65.

You can compare the best HSA plans online and choose one that best suits the needs of you and your family. Self employed people can also contribute to HSA accounts; you can also have access to the best medical services if you have regularly contributed to your HSA account.

If you want to learn more about HSA accounts, please don't hesitate to get in touch with Financial Center of Indianapolis. You might also be interested in our Reward Checking which earns dividends.

What is the Purpose of an HSA?

Friday, April 16, 2010 by FCFCU Web Team

HSA accounts help balance high health insurance costs. A number of small businesses are helping their employees by making a contribution to an HSA.

HSA accounts have become very popular because they offer a great opportunity to pay for current medical expenses and save for future emergencies.

The monthly premiums that are paid for in this plan are less compared to the conventional health insurance policies that are available. It also helps protect your finances, as contributions to the fund are quite safe.

You can get all the information that you want about HSA banks with tax benefits and contributions online. You can also do a comparative study of the various plans that are offered and choose one that best suits your requirements.

Contact us at Financial Center of Indianapolis for questions that you have about a health savings account in Indianapolis.

Health Care Supplement for Indianapolis

Sunday, March 28, 2010 by FCFCU Web Team

A quick surf or search of the Internet will reveal a plethora of articles trying to tell you what this recent health care overhaul will mean for you. As I am sure you already know, most of the changes won't be in effect until 2014, however, a few are immediate once the bill is signed. Among many of the changes, is the earth shattering catch-22 of anyone who qualifies will be required to have health care. The government is planning on paying for this through several different programs and tax alterations, but what this really means is up for grabs.

Regardless, here is the immediate cause and effect: As many of the millions of Americans pick a health care plan, most will opt for a low-premium payment and a high-deductible payment - the standard choice of the low income family in America. Not just consumers, but businesses will begin to look into cost-effective options for their employees. Enter, Health Savings Accounts. An HSA is for those with such a plan as described before and allows relief to pay medical bills. Experts are saying this will directly impact the balances of total HSAs in the United States as we move forward.

What should you know? Financial Center (FCFCU) has been issuing Health Savings Account Plans for years. In the last few years, HSA popularity has increased due to the tax breaks and savings for employers. When it comes to a Medical Savings Account in Indianapolis, Financial Center has the best plan.

With numerous product options, zero fees, and the opportunity to earn dividends on your HSA, Financial Center is the right choice for your Health Savings Account.

Check into an HSA Accounts with Financial Center. Or, learn more about the credit union banking convenience.

Look forward, not back, with an HSA from Financial Center

Thursday, March 25, 2010 by FCFCU Web Team

If you're looking for a supplement to your current health care plan, then you may want to consider a Health Savings Account. With the massive reform on our health care system that took place on Sunday, everyone (eligible) will have to have health care. Many are saying this means looking forward to lots of new plans with low premiums and high deductible rates, which means a huge shift towards HSAs are likely.

Now could not be a better time to look into a HSA (FCFCU HSA), not only for individuals, but also for businesses. Even before the latest bill, HSA assets have been increasing in the past few years due to the tax breaks and cost-cutting by employers. HSAs have attracted $8.6 billion in assets since they were signed into law in 2003. By contrast, retirement accounts like 401(k)s held $2.4 trillion at the end of 2008 and drive the $10 trillion mutual fund industry. But some industry experts forecast HSA assets rising to $50 billion to $100 billion in coming years. For one thing, money in the accounts can be carried over from year to year, unlike so-called flexible spending accounts that require workers to use their annual contributions by year-end or lose them.

Many are seeing HSA benefits as a better solution than ramping up another expensive plan. If you're in Indianapolis, you'll want to look into HSA accounts with Financial Center (FCFCU).

Learn more about Financial Center's HSAs at Health Savings Accounts FAQ.

Below are 10 reasons why the best HSA in Indianapolis can be found at Financial Center.

1. Convenient Access – HSA VISA card, Online BillPayer, Checks.

2. Options – HSA savings, HSA checking, HSA Money Market, HSA Premium Money Market, HSA Share Certificate.

3. Valued Relationships, Trusted Solutions.

4. We are all about our Members.

5. You are in control – You own and control the money in your HSA.

6. Easy to open - Online, in person, e-mail, or Call me, I will come to you.

7. Peace of Mind – We strive and promise to maintain the privacy of you accounts.

8. Can you say “Triple Tax Savings” – Tax deductions when you contribute, Tax-Free earnings through investment, and Tax-Free withdrawals for qualified medical expenses.

9. Location, Location, Location – With shared branching there are over 194 branches in Indiana and 3,711 Nationwide.

10. Who doesn’t like FREE? – No setup cost, No monthly or per item fees, No cost to receive statements. It is truly free.

Save today with an HSA from your Indianapolis Credit Union

Wednesday, March 3, 2010 by FCFCU Web Team

Now could not be a better time to find an alternative to rising health care costs. Ease the burden of out-of-pocket health costs, earn interest year after year, and enjoy tax free withdrawals on a Health Savings Account Plan from your Indianapolis Credit Union.

Curious about what an HSA is? According to the US. Department of the Treasury, “Health Savings Accounts (HSAs) were created by the Medicare bill signed by President Bush on December 8, 2003 and are designed to help individuals save for future qualified medical and retiree health expenses on a tax-free basis.” Read more on the US Dept of the Treasury website here.

Employers can save between 25 percent and 30 percent on health premiums by switching to an HSA. Those savings usually translate into lower premiums for employees – savings that employees can use to maximize their health savings accounts.

Financial Center offers the best Health Savings Account in the Indianapolis area. An HSA allows you to deposit funds to pay for current or future medical expenses. Funds used are tax free and remain in your account year after year. With numerous product options, zero fees, and the opportunity to earn dividends on your HSA, Financial Center is the right choice for your Health Savings Account. FCFCU has HSA options for Employers, Employees, and Insurance Brokers.

Open your HSA with FCFCU on-line or learn more at Health Savings Account FAQ.

Learn more about why more people are switching to credit union banking from their current banks.

Top 10 Reasons FCFCU has THe Best HSA in Indianapolis!!

Monday, May 18, 2009 by Barbara Fulk

10 Convenient Access – HSA Visa card, On-line Bill payer, Checks

9 Options – HSA savings, HSA checking, HSA Interest Checking, HSA Money

Market, HSA Premium Money Market, HSA Share Certificate

8 Valued Relationships, Trusted Solutions

7 We are all about our Members

6 You are in control – You own and control the money in your HSA.

5 Easy to open - On-line, in person, e-mail, or Call me, I will come to you.

4 Peace of Mind – We strive and promise to maintain the privacy of you accounts.

3 Can you say “Triple Tax Savings” – Tax deductions when you contribute, Tax-

Free earnings through investment, and Tax-Free withdrawals for qualified

medical expenses.

2 Location, Location, Location – With shared branching there are over 194

branches in Indiana and 3,711 Nationwide

1 Who doesn’t like FREE? – No set-up cost, No monthly or per item fees, No cost

to receive statements. It is truly free.

Health Savings Accounts Can Provide Tax Savings

Wednesday, April 15, 2009 by Michael Hostetler

One of our most successful products at the credit union is our health savings account. Since today is Tax Day, I wanted to point out how an HSA can contribute to your tax savings. HSAs provide tax deductions when you contribute to your account, tax-free earnings through investment and tax-free withdrawals for qualified medical expenses.

Any adult can contribute to a health savings account if they have coverage under an HSA-qualified High Deductible Health Plan, have no ther first-dollar medical coverage, are not enrolled in Medicare, and if they cannot be claimed as a dependent on someone else's tax return.

Financial Center has the best health savings account in Indianapolis, and we can help you open one today. Give us a call at 317.916.7700 to get started or visit any of our Center locations.

Are High Deductable Health Plans the wave of the future?

Wednesday, April 8, 2009 by Barbara Fulk

With the economy in the state it is in I have seen many more companies turning to High Deductible Health Plans (HDHP). With companies trying to cut costs, benefits are one of the first items to be sacrificed. I predict in the future even more will convert to the HDHP. In an effort to keep cost down, have you found many cost effective Heath Savings Accounts in Indianapolis?

Here at Finance Center Federal Credit Union it is our goal to provide the highest possible service attainable in our market place. Our HSA’s provide the best return possible for each individual. There are no monthly, yearly or per item fees. My desire is to work with you in providing you or your clients a place to have their health insurance funds where they are not diminished by application fees, service charges or fees of any kind. There is no cost associated with our offer. We understand that with the rising costs of employee benefits, an opportunity to enhance current offerings can be valuable.

Rising Health Care Deductible? We Have The Answer

Thursday, September 25, 2008 by Michael Hostetler

USA Today reported today that annual deductibles for workers jumped an average of 29% this year. One of the main causes of the increase was a growth in the number of high deductible health plans. Financial Center can help.

If you are covered by a high deductible health plan, you can take advantage of our credit union's health savings accounts. With the money you save on premiums from your high deductible health plan, you can place that money in a health savings account.

The best part about our HSAs is that you own and control the money that you put into the account. Plus, we offer numerous HSA products so that you can choose which is best for you. Here is a list of the health savings accounts currently available: