An Iroquois Federal Health Savings Account is a tax-exempt trust or custodial account that can be used to pay for qualified medical expenses for an individual, spouse or dependents. To qualify for an HSA Account, you must have a high deductible health plan, non enrolled in Medicare, not covered by any other health plan and cannot be claimed as a dependent on another individual’s tax return. For more information, please contact an Iroquois Federal Customer Service Representative.