HSA Forms

Your HSA/Health Savings Account at C-Plant Federal Credit Union is currently paying 0.25% APY 0.25% dividends on all deposits.

150 Checks are available $9.30

Rates are subject to change without notice.

HSA Application

HSA Rollover Form

HSA Disclosure

IRA to HSA Rollover Form

A one-time tax-free trustee-to-trustee transfer of IRA funds to an HSA is permitted. The amount transferred may not exceed your maximum allowable annual HSA contribution (for example, $2,900 for singles and $5,800 for those with family coverage in 2008). Any money transferred from your IRA counts toward your maximum HSA contribution for that tax year. You may not transfer a "Catch-Up" contribution. You must maintain your HSA-qualified health plan coverage for the entire calendar year for which you are making the transfer or your HSA contribution (including IRA rollovers) will be limited further. You may not take the usual tax deduction for HSA contributions for any funds transferred from your IRA and contributed to your HSA. However, once the IRA funds are deposited in the HSA, they may be used tax-free for qualified medical expenses. Had the funds remained in the IRA, the amount withdrawn would be subject to income tax (and a 10% penalty if withdrawn before age 59-1/2) You may only rollover for tax year 2008.