HSA Guide
How to Change Select Health HSA Contribution
Published October 29, 2023
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Get the appShort answer: You can change your Select Health HSA contribution online or by contacting customer service, but be sure you stay within IRS contribution limits to avoid tax penalties.
How to change Select Health HSA contributions
Changing your Select Health HSA contribution is a simple process that can be done online or by contacting customer service. Here are the steps to follow:
- Login to your Select Health account
- Go to the HSA section
- Find the option to change your contribution amount
- Enter the new amount you wish to contribute
- Confirm the change and submit
Remember to review any contribution limits set by the IRS to ensure you are within the allowed maximum.
Step-by-step online contribution adjustment
Changing your Select Health HSA contribution is a simple process that can be done online or by contacting customer service. Make sure to log in to your Select Health account securely.
- Start by logging in to your Select Health account using your username and password.
- Navigate to the HSA section, where you will find all the details related to your health savings account.
- Locate the option that allows you to adjust your contribution amount.
- Input the new amount you wish to contribute, keeping in mind your personal budget and future healthcare needs.
- Double-check your input, confirm the change, and make sure to submit it to finalize the update.
It's important to keep abreast of any contribution limits set by the IRS, as exceeding these amounts could lead to tax penalties.