HSA Administration for School Districts

Health Savings Account (HSA) Administration for School Districts

Gulf Coast Educators Federal Credit Union offers members of the credit union HSAs in response to the increase in popularity of High Deductible Health Plans (HDHP) offered by school districts in our service area (TRS Active Care). Our Health Savings Accounts have some distinct advantages to our members:

• The ability to make additional deposits in person, by mail or online, including same day deposits
• No monthly service charges
• Instantly issued Visa debit card
• Earns dividends
• Local, trusted employees to support HSA holders

In addition to saving school district employees money with our HSA offering, we offer our HSAs to school districts in Texas to offer to their employees with qualifying HDHPs free of account fees. The credit union will administer a school district HSA program at no charge to the district. Our offer includes:

• No per user charge to district
• No set up fee
• No prefunding accounts like Flex Spending Accounts
• District can send pre-tax or post-tax funds via direct deposit or payroll deduction
• HSAs can be opened electronically or on site
• Co-branded debit card
• Presentations on benefits of Health Savings Accounts to district employees

If your school district would like more information on our HSA Administration Program, please fill out the contact form below and we will contact you shortly.