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