Tips for contributing to your HSA

Are you considering setting up a Health Savings Account (HSA)? Do you have an HSA, but aren’t sure if you’re contributing the right amount? It’s never too late to start contributing, and you don’t have to wait for a life event or open enrollment to change your contribution!

Choosing a health insurance plan can be stressful. In addition to navigating all the jargon and trying to understand the tradeoffs of each plan option, you also have to try and predict healthcare expenses both now and into the future. An HSA provides a tax-advantaged way to save money for these expenses – and even invest that money to maximize your savings!

Here are 7 tips to help consumers determine the right contribution strategy when opening and funding an HSA.