Using Your HSA

An HSA helps you save for healthcare expenses and your contributions are tax-free.

Three ways to make contributions to your HSA:

  • Pre-tax salary deductions - if your employer offers this benefit, payroll deductions are exempt from most taxes (Check with your employer)
  • Employer contributions - made directly to your HSA by your employer
  • Direct contributions -
    • Transfer from your personal checking or savings account using Online Banking
    • Mail in deposit 
    • Credit card   

Five ways to withdraw funds from your HSA:

  • Debit card
  • Checks
  • Online Bill Payment
  • ATM
  • Bank Teller

 

 

Contribution Limits

Limits
Single
Family

Minimum Deductible

2013/14:
$1,250

2013/14:
$2,500

Maximum  Out-of-Pocket

2013: $6,250
2014: $6,350

2013: $12,500
2014: $12,700

Contribution Limit

2013: $3,250
2014: $3,300

2013: $6,450
2014: $6,550

Catch-up Contribution (55 or older)

2013/14:
$1,000

2013/14:
$1,000


Apply for HSA
 

 

 

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