You may have family members who want to add funds to your account. If you have an employer sponsored health plan your employer may.
A health savings account helps you sock away tax free funds to cover health care expenses now and in retirement.
How to add money to my hsa account. Features of an hsa include. What is an hsa. If you don t use all the money you contribute in a given year you can use the funds for medical expenses in a future year.
Snap a photo of your check to make a one time deposit into your hsa using the app. Mail in a check. Investing your hsa money weigh the benefits and costs of investing the money in your hsa rather than immediately spending it.
A health savings account is a tax advantaged savings account paired with a high deductible health plan hdhp that can help you pay for medical expenses both now and in the future. See irs publication 969. A small deposit will be made into your account.
Learn strategies for deciding the best option for you. How do i deposit money into the health savings account hsa. Once you have signed up for this service.
But few people know all the health savings account rules. Include your account number and the contribution tax year in the check memo field. Write a check payable to fidelity management trust company for the benefit of your name.
Interest earned on your account is tax free. Your hsa investment options can help you save for doctor visits and prescriptions and add some extra tax free cash to your retirement dreams. Box 770001 cincinnati oh 45277 0047.
For usps send to fidelity investments p o. The funds in your hsa can be used to pay for your cost share for your deductible or other qualified medical expenses. If you re able consider contributing the maximum allowed by the irs the more you can contribute the more you can benefit from the hsa s triple tax advantages 1 to help build your balance for the future.
After your bank account is activated return to the pay bill contribute page to schedule a one time or recurring contribution into your hsa. Don t send cash through the mail. The irs allows you to deduct.
Your own hsa contributions are tax deductible or pre tax if made by payroll deduction. You may be able to sign up to link your personal checking or savings account to your hsa. You could also make the contribution on your own by writing a check to the hsa account or by sending a certified check or money order.
Click on add bank account to add your external personal savings checking account. To activate your account you ll need to confirm the amount. Truth is hsas are more.
You don t lose any unspent funds at the end of the year. Max out your contributions if you can. With the mobile app.