Everence health savings accounts
- Tax benefits
Contributions you make are tax deductible, withdrawals to pay for qualified medical expenses are tax free, and earnings are tax free. As long as you use the money in your account for qualified medical expenses, your earnings are never taxed.
- Payment options
Pay for qualified medical expenses on the spot with your HSA debit card or HSA checks.
- Keep your balance
There's no "use it or lose it" rule – the money in your account carries over from year to year.
- Account options
Choose the account that's right for you. With an investment HSA, account owners can designate some of their money for investing or you can choose a standard HSA.
Investment HSA information
Everence investment HSAs recently moved to be record-kept by our partner, Devenir. All transactions – such as changing funds, rebalancing or moving money – are now done through an updated web portal. This portal interacts seamlessly with Everence to move monies between your savings and investment account.
Fee for service
HSA frequently asked questions
How much can I contribute to my HSA each year?
The type of coverage (individual or family) you have under your qualified high-deductible health plan determines how much you may contribute to your HSA. The maximum annual contribution limit for an account owner with single coverage is $3,600 for calendar year 2021 and $3,650 for calendar year 2022. The maximum annual contribution limit for an account owner with family coverage is $7,200 for calendar year 2021 and $7,300 for calendar year 2022.
What expenses can I pay for with HSA money?
How can I make tax-deductible HSA contributions?
- Contribute directly to your HSA using after-tax dollars and report your contributions when you file your taxes.
- Make contributions to your HSA through a Section 125 plan (if offered by your employer), using pretax dollars.
Monthly HSA administration fees apply and are listed in our fee schedule.
1 Qualified medical expenses are defined by the Internal Revenue Code (IRC) section 213(d).