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HSA 101: Contributing to Your HSA
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Frequently asked questions

Your family members
Your employer
Any other person including a “non-individual”

Yes. You may contribute to your HSA outside of payroll deductions by contributing online or by mail. (See “How do I contribute?”) Be sure to monitor your contributions to ensure that you do not exceed IRS annual contribution limits.

The deadline for contributions is the federal income tax deadline, generally on April 15 each year.

Medicare enrollment is what disqualifies you from being eligible to contribute to your HSA. Eligibility alone doesn’t impact you being able to contribute to your HSA. *Please note that you cannot opt out of Medicare Part A without opting out of all Social Security benefits.

You may contribute online, via pre-tax payroll deduction or by mail.

  • To contribute online, log into your account and/or watch our “how to” video. After logging in, go to PROFILE > MY PROFILE > SCHEDULED EVENTS, click Add Contribution Event, enter your contribution details and banking information, check the box authorizing the transaction, then click Save. To save your banking information for next time, go to PROFILE > MY PROFILE > BANKING INFORMATION, click Add New Banking Profile, enter your information, then click Save Banking Profile.
  • To contribute via pre-tax payroll deduction, contact your employer. If your employer has a Section 125 Cafeteria Plan, they should be able to deduct your contributions from your paycheck on a pre-tax basis, which decreases your taxable income.
  • To contribute by mail, download and complete our Contribution Form, then mail your check made payable to FPS Trust to: FPS Trust on behalf of HealthSavings, P.O. Box 3079, Englewood, CO 80155.

Please allow up to 10 business days for accessing your first contribution. After we have verified your account and processed your first contribution, we will process your future contributions more quickly. (3-4 business days for ACH pulls and 2-3 business days for wires.)

To transfer funds from another HSA to your HealthSavings HSA:

  • Complete our Transfer/Rollover Request Form. After completing and returning the form, please allow 4–6 weeks for your transfer request to be completed.
  • When we receive your transferred funds, the money will be allocated according to your investment elections. If you have not set up your elections, the money will remain in your cash account until you decide to transfer funds to your investments. To set up or change your investment elections, see “How Do I Make Investment Changes?