How Do I Contribute to My HSA?

Check eligibility on the go — browse 7,000+ HSA-eligible products in the free app.

Ways to contribute to your HSA

Contributing to your Health Savings Account (HSA) is a straightforward process that can help you save money for qualified medical expenses while enjoying tax benefits.

There are several ways you can contribute to your HSA:

• You can set up automatic contributions from your paycheck. This is a convenient method that allows you to save consistently without having to remember to make manual contributions.
• You can make one-time contributions online through your HSA provider's website. This gives you the flexibility to add funds whenever you have extra money available.
• You can also contribute to your HSA by mailing a check to your HSA provider. This method is suitable for those who prefer traditional banking practices.

Annual contribution limits and catch-up

It's important to note that there are annual contribution limits set by the IRS. For 2021, the maximum contribution limits are $3,600 for individuals and $7,200 for families. If you are over the age of 55, you are eligible for an additional catch-up contribution of $1,000.

Contributing to your Health Savings Account (HSA) is not only easy but also a smart way to prepare for future healthcare costs while taking advantage of tax benefits.

There are multiple methods available to make contributions to your HSA:

• Automatic Payroll Contributions: You can choose to have a portion of your paycheck automatically deposited into your HSA, ensuring consistent savings without the hassle of manually transferring funds each month.
• Online One-Time Contributions: If you come across some extra funds and want to boost your savings, simply log onto your HSA provider's website and make a one-time contribution.
• Check Contributions: Prefer a more traditional route? You can always send a check to your HSA provider, a perfect choice for those who like to have a physical record of their contributions.

Don’t forget about the IRS annual contribution limits! As of 2021, those limits are $3,600 for individuals and $7,200 for families, with an extra catch-up option of $1,000 available for anyone aged 55 or older.