Health Savings Account (HSA) FAQ

Does the employer contribution to my HSA count toward my annual limit? Yes. The annual HSA contribution limit includes both employer and employee contributions combined.

Can I still contribute to my HSA if I switched to a non-high deductible health plan? No. You can continue to use existing HSA funds, but you cannot make new contributions unless you switch back to a high deductible health plan (HDHP).

Is there a specific beneficiary form for my HSA? Yes. Use the HSA enrollment form to designate your beneficiary.

Can my spouse open an HSA if I'm the subscriber on our high deductible health plan? Yes. Your spouse can open an HSA in their own name and contribute to it, as long as they are covered under a high deductible health plan.