Congratulations
from Ballston Spa National Bank
We are pleased to introduce HealthEquity as your health savings account (HSA) custodian!
*Eligible HSA contributions are taxed by these states: CA and NJ
Answer two simple questions to find out how you can save and win with an HSA
Health plan
High-deductible planHSA
Health savings accountView qualified medical expenses designated by the IRS
Qualified medical expenses databaseThe 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.
Transfer an existing HSA to HealthEquity with a step-by-step guide provided below:
Use the transfer request form to transfer directly from another custodian into your HealthEquity HSA.
Download formThe 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.
By taking advantage of the investment options, you can maximize your tax-free earning potential.
powered by
HealthEquity Advisors, LLC
Receive personalized guidance and advice on how to diversify and invest your HSA funds through Advisor.
Earn tax-free interest on your HSA balance when you pay medical expenses out of pocket and reimburse yourself later.
Estimate how much you'll be saving with your HSA dollars and in taxes for retirement
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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