EVERYDAY WELLNESS
$100* Health Savings Account Match Special
• $100* opening deposit match on new HSA
• Tax-advantaged healthcare savings
• No monthly fees
• Funds roll over year to year
Health Savings Account (HSA)
A smarter way to manage rising healthcare costs.
Built for members with a High-Deductible Health Plan (HDHP), a Compass HSA puts tax-advantaged healthcare saving and spending in your hands – and points you toward peace of mind.
SAVINGS FOR THE FUTURE
Healthcare & Retirement Simplified
Whether you’re saving for healthcare expenses or planning for retirement, Compass offers valuable benefits to help you make the most of your HSA and IRAs.
Save More on Healthcare
Set aside pre-tax dollars for medical costs – and keep more money in your pocket at the same time.
Build the Future You want
Choose the IRA that fits your goals, so you can grow your retirement savings at your own pace.
Stay in Control, Anytime
Use online banking to view balances, track activity, and manage your account whenever it’s convenient.
Plan Ahead with Confidence
Be ready for what’s next with financial tools designed to grow and adapt with your goals.
Grow your Savings on Autopilot
Set it once and watch it build – recurring contributions and transfers made simple.
Your Records, Safe and Handy
Get secure eStatements and account records online, ready whenever you need them.
Individual Retirement Accounts (IRAs)
A smarter way to save for your future.
Whether you’re just getting started or building on your retirement savings, a Compass IRA gives you a tax-advantaged way to put money aside for the future and keep your financial goals moving in the right direction.
WE’RE HERE TO HELP
Frequently Asked Questions
Do I qualify for a Health Savings Account (HSA)?
To open an HSA, you must be enrolled in an HSA-compatible high deductible health plan (HDHP) and meet IRS eligibility requirements.
Do HSA funds roll over each year?
Yes! Your HSA balance rolls over year after year, so your savings stay with you and never expire.
Can I use my HSA for retirement savings?
Yes. HSAs can help with long-term retirement planning, and after age 65 funds may be used for non-medical expenses subject to normal income taxes.
Can I manage my HSA account online?
Yes. Compass offers secure online access to manage your HSA account, review balances, and monitor activity anytime.
What expenses can I use my HSA funds for?
HSA funds can be used for qualified medical expenses including doctor visits, prescriptions, dental care, vision expenses, and more.
What’s the difference between a Traditional IRA and a Roth IRA?
Traditional and Roth IRAs offer different tax advantages. A Traditional IRA may provide tax benefits today, while a Roth IRA can provide tax-free qualified withdrawals in retirement.
How much can I contribute to an IRA each year?
IRA contribution limits are set by the IRS and may change from year to year based on factors such as your age and income.
Still have more questions?
VIEW ALL FAQSNot Already a Member?
Applying for membership is quick, easy, and secure. Click “Join Today” to get started. Many applications are approved instantly, and if we need more info, our team will follow up to help.
*To qualify for the $100 incentive, member must qualify for the HSA checking account and contribute the minimum opening deposit of $100. This benefit is limited to one per individual member. Existing Compass Credit Union HSA checking members are not eligible. This offer may expire at any time at credit union discretion and with no notice. Reward for checking account that qualifies will post to the checking account within 90 days of account opening. All contributions, including the one-time $100 match, count toward your annual HSA contribution limit as established by the Internal Revenue Service (IRS) for the applicable tax year. You are solely responsible for ensuring that your contributions do not exceed IRS limits, and Compass Credit Union is not liable for contributions that exceed those limits.
