ACCOUNT TYPE

Health Savings Account

A Health Savings Account (HSA) provides the unique opportunity to enjoy tax-deferred contributions and tax-free distributions, all while saving up for future medical expenses.

AT A GLANCE

What should you know about a self-directed HSA?

Tax Benefits

Other Benefits

DISTRIBUTION RULES

What should you know about HSA distributions?

Eligibility Requirements

Distribution Facts

GETTING STARTED

How do you fund your Health Savings Account?

Contributions

You must have a high-deductible health insurance plan to make Health Savings Account contributions. In 2021, you, your employer, or anyone can contribute up to $3,600 with single health insurance coverage and up to $7,200 with family health insurance coverage.  

Those 55 years of age or older may contribute an additional $1,000 per year regardless of insurance coverage.

Transfers

You can also transfer money from an IRA into an HSA, but the IRS will only allow you to do this once over the course of your lifetime, and you must remain eligible for the HSA for the next 12 months.

Rollovers

You can roll funds from Archer MSAs and other Health Savings Accounts into an HSA, but you can only do so once per year. 

OTHER INVESTMENTS

ROI is everywhere if you know where to look.

No financial advisor knows you better than yourself. With a self-directed Health Savings Account, you have the freedom to invest your tax-advantaged retirement funds in the assets you’re most passionate about. 

From real estate to start-ups to small businesses, if you can find it, we will help you fund it.

EDUCATION CENTER

Want to learn more about Health Savings Accounts?