Multiple HSAs? Consolidating your funds into one account with Optum Bank is easy.
HSAs, FSAs and HRAs all offer ways to pay for health care costs and save on taxes.
An HSA helps you plan for qualified medical expenses you’ll have this year and in the future.
Making the most of your HSA starts with knowing what it offers:
You can make post-tax contributions to your account by signing into your account and selecting Make an HSA contribution from the Contributions menu.
You must monitor your contributions to ensure they do not exceed the annual contribution limit per IRS regulations.
Outside of scheduled payroll contributions, your HSA can be funded as follows:
Direct contribution through Optum Bank — You can send a contribution check to Optum Bank. To do this, you need to sign into your account and fill out the Contribution/Deposit Form.
Rollover — You can transfer funds from or roll over to another health savings account (HSA). Sign in to your account and download the HSA Rollover/Transfer Request for more information. Liberty contributions and those you may outside of payroll (excluding rollovers) count toward the IRS annual contribution maximum. It is your responsibility to monitor your contributions to ensure they don’t exceed the annual contribution limit per IRS regulations.
If you have payroll contributions, the timing will be determined by your payroll calendar. Generally, your funds are available within one business day of deposit. Sign in to your account to check your balance.
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.
Article
Are you taking full advantage of all your HSA's tax benefits by contributing the maximum each year?
On Demand Learning
Learn how to invest part of your HSA in mutual funds.
