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

2014: $1,250
2015: $1,300

2014: $2,500
2015: $2,600

Maximum  Out-of-Pocket

2014: $6,350
2015: $6,450

2014: $12,700
2015: $12,900

Contribution Limit

2014: $3,300
2015: $3,350

2014: $6,550
2015: $6,650

Catch-up Contribution (55 or older)

2014/15:
$1,000

2014/15:
$1,000

Apply for HSA

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