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Annual Contribution limits

Contributing the maximum allowed by law each year lets you get the most tax savings. Be sure to keep these contribution limits set by the IRS in mind.

2019 limits:
Individual coverage — $3,500
Family coverage — $7,000
Age 55+ — additional $1,000 catch-up contribution, meaning you can deposit an additional $1,000 per year. If your spouse is also 55 or older, he or she may establish a separate HSA and make a “catch-up” contribution to that account.

2020 limits:
Individual coverage — $3,550
Family coverage — $7,100
Age 55+ — additional $1,000 catch-up contribution, meaning you can deposit an additional $1,000 per year. If your spouse is also 55 or older, he or she may establish a separate HSA and make a “catch-up” contribution to that account.

Special contributions

Build your HSA balance by transferring or rolling over funds from an IRA or another HSA.*

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Request an IRA distribution

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You can make a one-time contribution from a traditional IRA or Roth IRA into your HSA. Contact your IRA administrator to request a distribution. Keep in mind that the amount of the contribution cannot be more than you are eligible to contribute to your HSA for the tax year. If your employer contributes to your HSA, make sure to take that into account.

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Transfer funds from another HSA

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If you have an HSA from another bank that you want to close, you can transfer the funds to your Optum Bank HSA. To do so, download, fill out and send the HSA Rollover/Transfer Request Form to the previous administrator. This and other account forms are available after you log in to your account.
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Roll over funds from another HSA

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If you want to move funds from an existing HSA to your Optum Bank HSA, you can request a distribution from your current administrator and send us a check with the HSA Rollover/Transfer Request Form. This and other account forms are available after you log in to your account.
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* Distributions, rollovers and transfers are subject to IRS restrictions. Please contact your tax advisor for information.