HSA Guide
How to Get ADP Run to Allow HSA Catch-Up Contributions
Published November 20, 2023
Check eligibility on the go — browse 7,000+ HSA-eligible products in the free app.
Get the appSteps to enable HSA catch-up contributions
Are you looking to maximize your HSA contributions and take advantage of catch-up contributions? If you use ADP Run for your payroll needs and want to know how to enable HSA catch-up contributions, you're in the right place.
ADP Run offers a seamless solution for managing employee benefits, including Health Savings Accounts (HSA). To set up HSA catch-up contributions in ADP Run, follow these steps:
- Log in to your ADP Run account
- Go to the 'Payroll' tab
- Select 'Employee Self Service'
- Choose 'Benefits' and then 'HSA'
- Look for an option to enable catch-up contributions
- Enter the desired catch-up contribution amount
- Save your changes
By following these steps, you can ensure that your employees are able to make catch-up contributions to their HSAs through ADP Run.
IRS annual limits for catch-up amounts
It's important to note that catch-up contributions are subject to annual limits set by the IRS. For 2021, individuals aged 55 or older can contribute an additional $1,000 as catch-up contributions.
Maximizing HSA contributions, including catch-up contributions, can help individuals save for medical expenses in a tax-advantaged manner. If you have any issues or questions about enabling HSA catch-up contributions in ADP Run, don't hesitate to reach out to ADP's customer support for assistance.
Are you aiming to optimize your HSA contributions by taking advantage of catch-up contributions? If so, and you use ADP Run for your payroll services, youâre on the right track!
ADP Run streamlines the process of handling employee benefits, including Health Savings Accounts (HSA). To enable catch-up contributions in ADP Run, simply follow these straightforward steps:
Repeat instructions and limits for catch-up
- Log in to your ADP Run account
- Navigate to the 'Payroll' tab
- Select 'Employee Self Service'
- Click on 'Benefits' and then 'HSA'
- Find the option to activate catch-up contributions
- Input your desired catch-up contribution amount
- Save the updates you made
By following these instructions, you empower your employees to contribute effectively to their HSAs via ADP Run.
Keep in mind that catch-up contributions must comply with the IRS annual limits. In 2021, for example, individuals aged 55 and older can contribute an additional $1,000 as catch-up contributions.
Maximizing HSA contributions, including catch-up amounts, is a smart strategy for saving on future medical expenses while enjoying tax advantages. If you encounter any challenges or have inquiries about managing HSA catch-up contributions in ADP Run, feel free to reach out to ADP's customer support for expert help.