How to set contribution schedule

Contributions from your personal bank account to your HSA will be funded by Electronic Funds Transfer (EFT). Follow these steps to set a Contribution Schedule.

1. 1 You must have Direct Deposit set up in order to make this type of transfer. Please verify your direct deposit information in the Bank Account Information section below. If you have not yet set up Direct Deposit, or if you want to make a change to your bank information, click change bank account information before making any type of HSA contribution.
2. 2 Fill in fields to schedule a Recurring Contribution, make a One-Time Contribution, or use cancel buttons to cancel your existing contribution.
3. 3 When finished, please verify all information before clicking the "CONFIRM" button.

*Please note: You may only enter one Contribution Schedule at a time. Entering a second Contribution Schedule before the first has processed will overwrite the first contribution. Please wait until the last contribution has processed before entering a new Contribution Schedule.

Transaction Schedule

Recurring Contributions are scheduled for the 1st of each month. If the date falls on a weekend or holiday, the transaction will be triggered on the next business day. Any One-Time Contribution will be triggered the same day unless requested after 4:00 PM EST or on a weekend or holiday, in which case the transaction will be triggered the next business day. The actual transfer of funds may take several days.

Tax Year Contribution Limits

Contributions should not exceed IRS limits:

For the 2016 tax year
The maximum contribution for eligible participants with individual (or single) coverage is $3350, and the maximum contribution for eligible participants with family coverage is $6750. Any account holder age 55 or older (and not yet enrolled in Medicare) can make an additional "catch-up" contribution of up to $1000.

For the 2017 tax year
The maximum contribution for eligible participants with individual (or single) coverage is $3400, and the maximum contribution for eligible participants with family coverage is $6750. Any account holder age 55 or older (and not yet enrolled in Medicare) can make an additional "catch-up" contribution of up to $1000.