How to Keep Track of Contributions Made to a Health Savings Account (HSA)

Keeping track of contributions made to a Health Savings Account (HSA) is essential to maximizing the benefits of this tax-advantaged savings tool. There are several ways to easily monitor and manage your HSA contributions:

• Regularly check your HSA account statements provided by your HSA provider.
• Utilize online banking or mobile apps offered by your HSA provider to track contributions in real time.
• Keep records of any additional contributions you make outside of your paycheck deductions.
• Review your annual contribution limits set by the IRS to ensure you are not exceeding the maximum allowable amount.

By staying organized and proactive in monitoring your HSA contributions, you can make the most of this valuable savings tool.

Monitoring contributions to your Health Savings Account (HSA) is not just about numbers; it's about optimizing your financial health. Make sure to take advantage of the detailed account statements provided by your HSA provider, as they can give you insights into how your money is working for you.