HSA Contributing

Contributing to Your HSA

After you have opened your Chase Health Savings
Account (HSA), making contributions to your account is an easy process.

Individual Funding Methods

  • You can make one-time or recurring deposits from your checking account via the secure HSA website
  • Deposit a personal check with an HSA deposit slip
  • Roll over funds from another HSA

Employer Funding

Set up payroll deductions with your employer—an ideal funding method, as you contribute your pre-tax dollars to your account.

Contribution Limits

The annual amount you can contribute to an HSA is set by federal regulations. For 2013, the maximum annual contribution is $3,250 for self-coverage and $6,450 for family contributions. In 2014, the limits increase to $3,300 and $6,550. If you're 55 or older, you can make catch-up contributions. Our contribution calculator can help you determine your individual maximum.

Contribution Strategies

What's great about the HSA is that you can tailor your contribution strategy to meet your needs:

Preserve your current cash flow – If you're on a tight budget and you'd like to maximize your disposable income, start with small contributions whenever you can afford them and then add funds when you incur a medical expense. You can immediately reimburse yourself to get the tax savings.

Grow with slow and steady contributions – Fund your account monthly or bi-monthly with recurring transfers from your checking account or payroll deductions. Money in your HSA is FDIC-insured and earns interest tax-free. Once your balance reaches $2,000, you can add an HSA Investment Account and have access to a number of mutual funds, each investing in different types of securities with distinctive risk and return characteristics.

Time your contributions to your advantage – You can make contributions to your HSA for a given year as late as the tax filing date for such year (generally April 15 of the following year). Remember though, it's a good idea to fund your account as early in the year as possible to maximize your annual growth potential.

 Begin sidebar

Calculate Your Contribution

Calculate your maximum annual contribution amount, tax savings and more.

 End sidebar