How is my HSA funded?

If you pay for your own healthcare coverage you can make individual or lump sum pret-tax contributions.

If you receive health coverage through an employer, pre-tax funds can be deducted from your paychecks. You can also make lump sum contributions, and your employer may make contributions directly or through payroll deductions.

Depending on the HSA you select and your individual tax situation, after-tax contributions may be deductible on your federal tax returns, even if you do not itemize deductions. Remember, unused funds in your HSA will accumulate year after year, tax-deferred.