Everence investment HSAs are soon moving to be record-kept by our partner, Devenir. All transactions – such as changing funds, rebalancing or moving money – will be done through an updated web portal. This portal will interact seamlessly with Everence to move monies between your savings and investment account.
More information about this transition was mailed to members at the end of Oct., but more information is available below.
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 $3,550 for calendar year 2020 and $3,600 for calendar year 2021. The maximum annual contribution limit for an account owner with family coverage is $7,100 for calendar year 2020 and $7,200 for calendar year 2021.
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).