Many Health Spending Account (HSA) users wonder if they can add their own money to increase their account balance. Here's what you need to know about your myHSA account:
There are no Employee Contributions. As an employee, you cannot contribute additional funds to your HSA account.
No Employee Premiums
myHSA does not charge any premiums to employees.
Your HSA benefit is 100% employer-governed and funded.
Employer-Determined Plan Amount
The amount available in your HSA is decided entirely by your employer.
This amount is based on the benefits package your employer has chosen to offer.
Questions or Concerns?
If you have any concerns about your HSA balance or wish to discuss the possibility of increasing your plan amount, it's best to reach out to your employer or HR department directly.
They can provide you with information specific to your company's benefits structure and any options that might be available.
Remember, while you can't add your own funds to this type of HSA, it's a valuable benefit provided by your employer at no cost to you. Make sure to use your available funds for eligible health expenses within the designated time frame to maximize this benefit.