Patelco CU HSAs Earn High Ranking

MOUNTAIN VIEW, Calif. — Internet health care comparison-shopping site Vimo.com has released its ranking of the nation's most affordable health savings accounts and Patelco Credit Union is the only credit union that made the top five cut.

The over $4 billion credit union also took the top spot for "Best HSA Interest Rate" and second in the "Most Affordable HSAs" category.

HSAs are tax-free savings accounts that can be used to pay for medical expenses including prescription and over the counter drugs incurred by individuals, spouses or dependents. These accounts are accompanied by high-deductible comprehensive insurance policies that cover preventive care and larger medical bills. Unused HSA money rolls over from year to year and can then be used to pay for medical care up to the plan's deductible. — digiovanni@cutimes.com