Health Benefits for Provident Members
Provident offers members an affordable way to handle health-care costs, Benefits are also available to our Sponsor Groups to offer to their employees or associates.
Health Savings Accounts (HSAs) are sometimes referred to as "Medical IRAs". An HSA is a tax-deductible savings account that can be used to pay for a wide variety of health expenses. For many consumers, the combined benefits of the tax deduction, the savings program, and the availability of funds for immediate medical expenses make HSAs the smart and flexible approach to health insurance.
Provident's HSA works like a checking account and earns dividends. Government rules determine whether you are eligible and how you operate your account. You must be covered by a high deductible health plan (HDHP) that is HSA compatible and not enrolled in Medicare in addition to other requirements. Unlike Flexible Spending Accounts, your HSA has no "use it or lose it" requirement and also stays with you if you change jobs or retire.
Health Savings Add-On Certificate
This account is available to Health Savings Account (HSA) holders. It requires a low $250 initial minimum deposit. With an HSA certificate, you have the option to choose either a 12 or 24 month term and can make contributions up to your HSA plan limits. This high rate certificate also has an add-on feature which gives you the ability to make deposits at anytime! For an even smarter way to save, you can even select automatic payroll deduction.
You work hard to achieve a sense of independence, freedom and security; you also understand the value of planning ahead. What would you do if you or your spouse became disabled and needed care for an extended period of time? While no one ever expects to need care, the financial, physical, and emotional impact of a long-term care situation can be devastating. With long-term care costs approaching $75,000 to $100,000 a year in the Bay Area, an unexpected long-term care crisis can quickly deplete the retirement nest egg you've worked so hard to build. Fortunately, there are measures you can take today to protect against this eventuality. That is why we are introducing a new long-term care program for members of Provident Credit Union.
This coverage is specifically designed to relieve the many hardships caused when you or your loved ones can no longer care for themselves. Provident offers this coverage through our Investment Services department, with experienced financial consultants to help you better understand your options and determine if this coverage is appropriate for you and your family.
To learn more about long-term care and how you can protect yourself, e-mail us or call (650) 508-7222 or (800) 656-4096.
Provident Plus* now offers Pet Health Insurance to help you pay the veterinary bills for your dogs and cats. We offer a variety of plans which range from simple accident coverage to more comprehensive protection for illness and routine preventive care. Our program is competitively priced and offers high reimbursement rates for your benefit. Plus, a portion of all premiums go directly to support the critical work of the ASPCA (American Society for the Prevention of Cruelty to Animals).
Provident Plus offers a wide variety of insurance, including vehicle insurance, property insurance, and more. Call (800) 310-0395 to speak to a live representative.
*Insurance products are not deposits of Provident Credit Union and are not protected by the NCUA. They are not an obligation of or guaranteed by Provident Credit Union and may be subject to risk. Any insurance required as a condition of an extension of credit by Provident Credit Union need not be purchased from Provident Plus Insurance Agency and may be purchased from an agent or an insurance company of the customer's choice. Provident Plus is a wholly-owned subsidiary of Provident Credit Union. Business conducted with Provident Plus Insurance Agency is separate and distinct from any business conducted with Provident Credit Union.