No. An HSA is a tax-deductible savings account that lets you save every year toward healthcare expenses. There’s no use-it-or-lose-it rule, and you can grow your account through interest and investments. And it’s portable, so you take it with you if you ever leave the company. To maintain an HSA, you must be enrolled in a high deductible health plan (HDHP).

No. There’s no use-it-or-lose-it rule with an HSA, so every dollar that goes into it becomes available for your use.

For 2025, single taxpayers can contribute up to $4,300; families can contribute up to $8,550.  Anyone over age
55 can contribute  an additional $1,000.

Three ways:

1. You pay no tax on the money you or your employer put into your HSA, up to the IRS limits.
2. You pay no taxes on interest and investment returns earned in your HSA.
3. You pay no tax on HSA money when you use it to pay eligible healthcare expenses.

You or your employer can add money to your HSA at any time during the year. There’s no enrollment period. Most employees fund their HSAs through payroll deduction.

You own it outright. If you leave the company for any reason, you own the account, including any interest earned.

Eligible expenses include many out-of- pocket costs not covered by your insurance plan, including copayments, coinsurance and prescriptions. Costs for many healthcare products and services are also eligible.

Visit our website. It has everything you need to know—including a video library, tools and calculators, enrollment forms and other details.