Contributions To A Health Savings Account

• Employees, self-employed people, employers, family members and other people can contribute to a Health Savings Account (HSA).
• Contributions must be made in cash.
• Contributions can be made any time throughout the year. The most benefit comes from funding the plan early in the year.
• There are limits on the amount that can be contributed to an HSA that change each year.
• Rollovers from MSAs and other HSAs are permitted and don't have to be in cash.
• You are penalized if you contribute more than the legal limits. Excess contributions can be withdrawn without penalty the same year.

For additional information, see:

• Who Can Make Contributions to An HSA?  
• The Form In Which Contributions To An HSA May Be Made  
• What Contributions Can Be Made To An HSA?  
• Limit On Contributions To An HSA  
  
• If You Contribute More Than Allowed  
  
• Rollovers  4140
  

NOTE: You must reduce the amount you, or any other person, can contribute to your HSA by the amount of any non-taxable contributions made by your employer that are excludable from your income. This includes amounts contributed to your account by your employer through a cafeteria plan. (Employer contributions are reported on your W-2.)

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