Health savings accounts

With a qualified high-deductible health care plan, a health savings account helps you save and pay for health-care costs. This tax-advantaged savings account allows tax-free withdrawals for qualified medical expenses.

HSA account application Additional HSA forms

A doctor holding a piggy bank


Everence health savings accounts

Everence Federal Credit Union health savings accounts (HSAs) are designed to help you save and pay for medical expenses.
Child at an eye exam

HSA features

  • Tax benefits
    Contributions you make are tax deductible, withdrawals to pay for qualified medical expenses are tax free, and earnings are tax free. As long as you use the money in your account for qualified medical expenses, your earnings are never taxed.
  • Payment options
    Pay for qualified medical expenses on the spot with your HSA debit card or HSA checks.
  • Keep your balance
    There's no "use it or lose it" rule – the money in your account carries over from year to year.
  • Account options
    Choose the account that's right for you. With an investment HSA, account owners can designate some of their money for investing or you can choose a standard HSA.

Open a Health savings Account

Contact a service representative for assistance with opening an HSA.

HSA account application Additional HSA forms

Return completed forms to your local branch or to HSA services.

Everence Federal Credit Union

HSA services
1110 N. Main St.
P.O. Box 483
Goshen, IN 46527
T: 800-348-7468 ext. 2460
F: 574-537-3627

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Find an Everence Federal Credit Union near you.

Investment HSA transition information

Everence investment HSAs are soon moving to be record-kept by our partner, Devenir. All transactions – such as changing funds, rebalancing or moving money – will be done through an updated web portal. This portal will interact seamlessly with Everence to move monies between your savings and investment account. 

More information about this transition was mailed to members at the end of Oct., but more information is available below.

Transition timeline

Blackout period
Your investment HSA will be inaccessible from Nov. 30 at 5:00 p.m. until about Dec. 16, as we move your account to the new system.

Written transaction deadline
Written transaction requests must be received by our member services team no later than noon on Nov. 30. Mail them to 1110 N. Main Street, PO Box 483, Goshen, IN 46527, or fax to 574-537-3627.

Fee for service

The previously charged $3 monthly fee will be eliminated with these new enhancements. However, an annual fee of one-half percent (0.50%), with a $10 minimum and a $500 maximum annual fee, will be charged. 

New mutual funds

The list of available mutual funds is expanding. You can continue to invest in Environmental, Social and Governance funds (ESG funds), or if you wish to invest in unscreened funds this will now be an option. Please download the 'HSA investment options" table or learn more on the 'fund performance dashboard.'

HSA investment options Fund performance dashboard

Helpful resources

  • New portal overview
    This video covers the features of the new investment portal.
  • HSA guided portfolio overview
    This video covers the features of the HSA guided portfolio tool.
  • Contact us
    If you have questions, please call us at 800-451-5719.


HSA frequently asked questions

How much can I contribute to my HSA each year?

The type of coverage (individual or family) you have under your qualified high-deductible health plan determines how much you may contribute to your HSA. The HSA maximum contribution levels are adjusted each year by the Internal Revenue Service. 

What expenses can I pay for with HSA money?

Qualified medical expenses are the amounts you pay for certain types of medical care1 for yourself, your spouse and your dependents – to the extent such amounts are not covered by insurance or otherwise reimbursed.

How can I make tax-deductible HSA contributions?

  • Contribute directly to your HSA using after-tax dollars and report your contributions when you file your taxes.
  • Make contributions to your HSA through a Section 125 plan (if offered by your employer), using pretax dollars.


Monthly HSA administration fees apply and are listed in our fee schedule

1 Qualified medical expenses are defined by the Internal Revenue Code (IRC) section 213(d).