How Do I Know How Much to Add to My HSA Account?

Deciding on the right amount to contribute to your HSA can be a confusing task, but with some helpful tips, you can make an informed decision.

Here are some factors to consider to determine how much to add to your HSA account:

• Evaluate your expected medical expenses for the year.
• Consider your health history and any ongoing medical needs.
• Review your current HSA balance and savings goals.
• Look into your insurance plan's deductible and out-of-pocket maximum.

By assessing these factors, you can estimate the amount you might need to cover medical costs and decide on an appropriate contribution to your HSA.

Determining how much to add to your HSA account can feel overwhelming. Start by considering your past medical expenses and any irregular costs you might anticipate throughout the year.