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Health Savings Account

Important Information about your HSA:

HSA Transition LetterHSA Transition FAQs

Or call 1-855-440-4472

Health Savings Account (HSA) Dividend Rate  APY 
$0.01- $2,499.99 0.10% 0.10%
$2,500.00 - $9,999.99 0.30% 0.30%
$10,000.00 - $24,999.99 0.30% 0.30%
$25,000.00 and Above 0.49% 0.50%

Health Savings Account Annual Percentage Yield (APY) effective as of August 1, 2025, and may change after account opening without notice. An APY of 0.10% applies to accounts with balances from $0.01 to $2,499.99; An APY of 0.30% applies to accounts with balances from $2,500.00 to $9,999.99; and from $10,000.00 to $24,999.99; An APY of 0.49% applies to accounts with balances of $25,000.00 and above. Fees may reduce earnings.

Health Savings Account

A tax-free medical savings account for people enrolled in a high-deductible health plan.

Important Information about your HSA:

Elements is transitioning its HSA accounts to HSA Bank to provide members with enhanced tools, resources, and services from a nationally recognized leader in the HSA industry, effective October 1, 2025.

This move ensures continued growth, innovation, and expert support for our members’ health and financial wellness. Elements has partnered with HSA Bank for the past five years using their HSA portal platform. Your new portal will look similar with added improvements for efficiency and support.

We are grateful to have you as a member of Elements. Your HSA is the only product transitioning away from Elements. Any additional products you have with us, including deposits, loans/mortgages, and credit cards, remain active with our credit union. We’re here to help you with all your financial needs.

Read the HSA Transition Letter & HSA Transition FAQs to learn more. 

HSA Transition Letter

HSA Transition FAQs

What can I do in the HSA Portal?

Once you have opened your Elements HSA, you will have access to the HSA Portal within Online Banking and the mobile app. The Portal enables you to keep all of your important information, like paperwork and receipts, in one place, which makes for easy retrieval and reference later. Here’s a glimpse at other tools available through the HSA Portal: 

  • Dashboard — overview of your balances and progress toward the HSA yearly limit.
  • Deductible Tracker — link your health plan (ex. Blue Cross Blue Shield) account, to take the guesswork out of your progress against your deductible.
  • HSA Advisor provides actionable feedback about how you can get the most benefit from your HSA.
  • Link Your Credit Card — link personal credit and/or debit cards to your account so that no HSA purchase goes uncaptured. You can also link your savings or checking account for easy reimbursements.
  • Investment Account — view your investment account totals and move money to and from your DriveWealth account.
  • Health Care Blue Booka free consumer guide to help you determine fair prices in your area for health care services such as surgery, hospital stays, doctor visits, or medical tests.
  • HSAStore.comthe only site exclusively focused on health savings accounts, and it’s the easy way to shop for HSA-eligible over-the-counter products. Using this online store takes the guesswork out of what products are eligible.

Note, the HSA portal is provided through a partnership between Elements Financial and Bend Financial.

Log In to Your HSA Portal through Online Banking

Read more frequently asked questions about Health Savings Accounts…

Whom do I call if I have HSA questions?

Our Customer Support Center is available to answer questions about your HSA and assist you with your High Deductible Health Plan (HDHP) or for questions about the HSA Product or Portal:

  • By Phone — Call us toll-free at 855-440-4HSA (855-440-4472) Available 8:00am to 5:00pm Eastern Time, Monday through Friday
  • By Email — hsa@elements.org Please allow one business day for a proper response.

What IRS reporting will I have to do each year for tax purposes for my HSA account?

You will need to complete IRS Form 8889 to be filed with your Form 1040 income tax filing each year, whether you itemize your deductions or not. This form reports your deposits and withdrawals from the HSA account. We provide an online workbook based on your account usage to assist you with form completion. This is provided for informational purposes only and is not considered tax advice. For specific assistance with tax reporting of your HSA account, please see your personal tax advisor. Elements will send the 1099-SA for distributions to arrive at the end of January and the 5498-SA for contributions to arrive at the end of May.