HSAs

are an easy win in today's
complex health care system

HSAs empower health savings

Lower monthly premiums
Qualifying plans typically have lower premiums
Tax free
HSA contributions are tax-free (federal and state*)

*Eligible HSA contributions are taxed by these states: CA and NJ

Lowers tax liability
Your contributions lower your tax liability

...and empower for the future

HSA rolls over
Your HSA balance rolls over every year
Account is yours
The account is yours even if you change jobs, insurance plans, or retire
Invest HSA funds
You can invest your HSA funds and the interest you earn is tax-free
Captain HSA Captain HSA

How does an HSA work?

Health plan

Health plan

High-deductible plan
(Must be HSA qualified)
+
HSA

HSA

Health savings account

Overview of an HSA

Money goes to HSA Deposit the money you saved on premiums to your HSAs
Qualified medical expenses Use your tax-free savings to pay for qualified medical expenses

What is a qualified medical expense?

View qualified medical expenses designated by the IRS

Qualified medical expenses database

Who can contribute to an HSA?

HSA qualified plan
Must be covered only by an HSA-qualified health plan. Other health coverage* may disqualify you
*Medicare and other traditional health plans
No full purpose FSA
Cannot have a full purpose FSA
(Including through a spouse)
No tax dependent
Not be claimed as a dependent on someone else's tax return

Need to transfer your HSA?

Maximize your savings

The table outlines the IRS established annual HSA contribution limits

Tax year Max HSA contribution limit 1
Individual Family
2023 $3,850 $7,750
2024 $4,150 $8,300
Catch-up2 +$1,000 +$1,000

1 Annual maximum contribution amount is employer and employee contributions combined.

2 If you are over the age of 55, you may also make an additional 'catch-up' contribution of $1,000.

How to transfer your HSA

Transfer an existing HSA to HealthEquity with a step-by-step guide provided below:

Download the HSA transfer form

Use the transfer request form to transfer directly from another custodian into your HealthEquity HSA.

Download form
Retired couple
Grow savings

HSAs: The new retirement strategy

The average American couple will need $270,000 to cover out-of-pocket health care costs in retirement. An HSA can help fill this Medicare gap as well as dental, hearing and vision expenses. Qualified medical expenses remain tax-free, even into retirement. In addition, after age 65, you can use your HSA much like a 401(k) and withdraw funds for any purpose.

Retired couple

Invest your HSA

Invest your HSA

By taking advantage of the investment options, you can maximize your tax-free earning potential.

How to invest your HSA

    Advisor™

powered by
HealthEquity Advisors, LLC

Advisor

Receive personalized guidance and advice on how to diversify and invest your HSA funds through Advisor.

Learn more

Save now, cash in later

Save now, cash later

Earn tax-free interest on your HSA balance when you pay medical expenses out of pocket and reimburse yourself later.

View video

Future balance calculator

Future balance calculator

Estimate how much you'll be saving with your HSA dollars and in taxes for retirement

View calculator

About HealthEquity

HealthEquity empowers Americans to build health savings by providing powerful tools for health savings accounts (HSAs) and other health financial services.

We manage $8.1 billion in custodial assets, which makes us the largest health savings account non-bank custodian in the nation. Our convenient solutions serve 4.0 million HSAs owned by individuals at 41,000+ employers across the country.

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