Health Savings Account (HSA) Resources

Health Savings Accounts (HSAs) are a great way to pay for current and future healthcare expenses. HSAs offer a triple tax advantage where contributions are tax deductible or pre-tax if made through payroll contributions, interest earned is tax free and withdrawals are tax free as long as they are used for qualified medical expenses. Once a threshold is reached, there is an opportunity to invest in a variety of mutual funds. This site includes information to help you decide if an HSA is right for you in addition to resources to help manage your HSA and plan for future savings. We have included videos, calculators, forms, and resources in addition to a list of frequently asked questions.

HSA Contribution Limits

2019 2020 2021
Single Family Single Family Single Family
Contribution Limit $3,500 $7,000 $3,550 $7,100 $3,600 $7,200
Catch-Up Contribution (55 or older) $1,000 $1,000 $1,000 $1,000 $1,000 $1,000
Minimum Deductible $1,350 $2,700 $1,400 $2,800 $1,400 $2,800
Maximum Out-of-Pocket $6,750 $13,500 $6,900 $13,800 $7,000 $14,000

How to Use Your HSA Account

Using your HSA is easy. You can use HSA funds for a trip to the pharmacy, a visit to the dentist or doctor, and hundreds of other qualified medical expenses. There are two ways to use your HSA: You can use the HSA debit card provided to you to pay for a qualified medical expense at checkout or you can wait until you receive your Explanation of Benefits from your insurance company to compare with the bill from your healthcare provider. You can then pay for the bill using your HSA funds.

Ready to start saving for medical expenses?

HSA Videos

The videos below can help you make an informed decision about enrolling in an HSA plan.

What is an HSA?

HSA vs FSA

How does an HSA work?

Growing Your HSA

HSA Calculators

The calculators below can help you make an informed decision about enrolling in an HSA plan.

HSA Frequently Asked Questions

Below are some of the most frequently asked questions about HSAs. Find your category and then select a question.

Additional Resources

The Best Moves to Make With Your Health Savings Account

The Health Savings Account (HSA) is one of the best saving and investing tools available, but sadly, only 22 million Americans are taking advantage of this, according to AHIP.

Benefits of a Health Savings Account

Investing in a savings account has many benefits. Major life events, such as paying for college tuition or retirement, are probably at the top of your list of reasons to save. Due to the rising costs and uncertainty of health-care, you may want to think about opening a Health Savings Account.

The HSA Another Retirement Savings Tool

Heath savings accounts (HSA) are a versatile savings vehicle, including being able to be used for additional retirement savings.

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HSA Limits

2018 2019 2020
Single Family Single Family Single Family
Contribution Limit $3,450 $6,900 $3,500 $7,000 $3,550 $7,100
Catch-Up Contribution (55 or older) $1,000 $1,000 $1,000 $1,000 $1,000 $1,000
Minimum Deductible $1,350 $2,700 $1,350 $2,700 $1,400 $2,800
Maximum Out-of-Pocket $6,650 $13,300 $6,750 $13,500 $6,900 $13,800