Manage your Health Savings Account (HSA) online.

With Patelco Online, you can securely manage your Health Savings Account (HSA).

  • Get account and dividend details
  • Check balances
  • View your HSA debit card transaction history
  • Send us a secure message

What is a High-Deductible Health Plan?

An HDHP is an insurance policy that meets the dollar limits shown in the table below. For both 2023 and 2024, annual catchup contributions are $1,000 for individuals 55 or older.

High-deductible health plans and contribution limitations change annually to reflect cost-of-living increases.

2023 HDHP Limits

Plan Coverage Self Only Family
Annual Deductible $1,500 $3,000
Annual Deductible plus out of pocket expenses cannot exceed $7,500 $15,000
Annual Contribution Limit $3,850 $7,750

2024 HDHP Limits

Plan Coverage Self Only Family
Annual Deductible $1,600 $3,200
Annual Deductible plus out of pocket expenses cannot exceed $8,050 $16,100
Annual Contribution Limit $4,150 $8,300

Health Savings Account (HSA) Rates

HSA Tiered Rates

Rates Effective 01/01/2020

Minimum BalanceAPY1RateDividends Paid
18389$0.000.050.05Monthly01/01/2020
18392$2,000.010.10 0.10Monthly01/01/2020
18398$3,500.010.250.25Monthly01/01/2020

Health Savings Account Q&A

    The maximum contribution amounts you can make to your HSA account (based on your coverage) are in the chart above. Please ensure that you meet the eligibility requirements to open an HSA account to contribute.

    Sole proprietors and others who are self-employed can have an HSA, and are, in fact, often ideal candidates for an HSA. In such situations, the business owner is both employer and employee. HSAs are often advantageous for the self–employed because:

    • high–deductible health insurance plans generally have modest premium costs, and may be an effective cost–containment mechanism
    • the self–employed individual is protected against potentially catastrophic healthcare expenses, and
    • the HSA may serve the dual purpose of providing for both medical and retirement expenses

    You can, but you’ll need to pay a 20 percent tax penalty for the total amount you withdraw.

    For standard delivery, send forms for new or existing HSA accounts to:
    Patelco Credit Union
    HSA Department #25
    3 Park Place
    Dublin, CA 94568
    For overnight delivery, send forms for new or existing HSA accounts to:
    Patelco Credit Union
    HSA Department #25
    3 Park Place
    Dublin, CA 94568

    Yes. Everyone who has an HSA or contributes to one is required to report: the account holder, employers, and the HSA’s custodian or trustee.

    • Contributions are deductible from federal taxes up to the maximum allowable amount. Please consult your tax advisor for details.
    • Dividends earned are free from federal tax.
    • Qualified medical expense withdrawals are free from federal tax.
    • Unused HSA funds may be used for retirement: after reaching the age of 65, funds may be used for non-qualified expenses, penalty-free. Funds taken out of your HSA account during retirement will only be subject to income taxes, not penalties.
    • Upon death, HSA assets become the property of a named death beneficiary or estate. A spouse can treat the assets as his or her own HSA. Non-spouse death beneficiaries will need to report the assets as ordinary taxable income.
    • Some states allow tax-deductibility. Please consult your tax advisor for details.
    • Doctor visits
    • Prescriptions
    • Transportation to get to medical care
    • Dental care
    • Long-term care insurance
    • Healthcare coverage when unemployed
    • Certain continuation-of-benefit healthcare coverage
    • Certain health insurance after age 65

    See the complete IRS list of qualified medical expenses (PDF).

    You are eligible for any calendar month if you:

    • are covered under an HDHP on the first day of such month;
    • are not also covered by any other health plan that is not an HDHP (with limited exceptions)
    • are not enrolled for benefits under Medicare (generally not yet age 65)
    • are not eligible to be claimed as a dependent on another person’s tax return

    Still not sure whether you qualify for an HSA? Call us at 800.358.8228.

    You can find your complete 14-digit HSA account number by logging into Patelco Online™ and tapping on the HSA account. Then select Account Details (will be listed as Show Details on the App) and look for Account Number for Direct Deposit and ACH Transactions. Full Patelco HSA numbers begin with “746” followed by zeroes (enough to make the full number 14 digits long), your Member Number, and a two-digit account type identifier.

     

    For example, the complete 14-digit HSA account number for Member Number 12345 with HSA account suffix 80 is 74600001234580 (746 + 0000 + 12345 + 80)

     

    You’ll need to use your complete 14-digit HSA account number when submitting requests for electronic contributions and/or electronic payments.

1 APY = Annual Percentage Yield

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