HSA

Health Savings Accounts allow employees to set aside a portion of their paychecks (before taxes) into an "IRA-like" custodial account to pay expenses not covered by another health plan. To contribute to an HSA, the employee must also be covered by an IRS qualified high deductible health plan. Employers may contribute to employees' HSAs. Unlike FSAs, unused funds can be carried forward to the future. HSAs are also portable and can be taken to a new employer or used at retirement.

Forms

HSA Bank

(click above for HSA Bank's website)

• HSA Bank Employer Signup Form
• HSA Bank Group Online Contribution Form
• HSA Bank Portal Enrollment Quick Guide
• HSA Bank Enrollment File Builder
• HSA Bank Employee Enrollment Form
• HSA Bank Indentification Verification Form
• HSA Bank Beneficiary Flyer
• HSA Bank Beneficiary Form
• HSA Bank Death Beneficiary Form
• HSA Bank Transfer/Rollover Form
• HSA Bank How to use your HSA
• HSA Bank IRS Contribution Limits
• HSA Bank FAQ's
• HSA Investment Options
• HSA Bank What to Expect
• HSA Bank Why Contribute
• Eligible Expenses

What is a Health Savings Account (HSA)?

5 Reasons to Open a Health Savings Account (HSA)

HSA HealthEquity

(click above for Health Equity's website)

• HSA HealthEquity Employer Enrollment Form
• HSA HealthEquity Group Employee Enrollment Form
• HSA HealthEquity Account Authorization Form
• HSA HealthEquity Beneficiary Designation Form
• HSA HealthEquity Mistaken HSA Distribution Form
• HSA HealthEquity Employer Contribution Refund Form

 

Health Savings Account (HSA) – Minimum deductible amounts for the qualifying high-deductible health plan (HDHP)	2024	2025
Individual coverage	$1,600	$1,650
Family coverage	$3,200	$3,300
Maximum contribution levels
Individual coverage	$4,150	$4,300
Family coverage	$8,300	$8,550
Maximums for HDHP out-of-pocket expenses
Individual coverage	$8,050	$8,300
Family Coverage	$16,100	$16,600

IRS Notices

IRS Notice 2015-87, released December 16, 2015, discusses issues associated with determining the affordability of coverage offered by employers, government entity reporting, and how VA benefits integrate with Health Savings Accounts (HSAs). This is the first of three Compliance Alerts we will issue to address the various topics covered by the Notice.