A Health Savings Account (HSA) is a powerful tool that can help you spend less on your current health care expenses and save for the future. Our HSA partner is Bank of America Merrill.
You can use your HSA to help cover your deductible and eligible expenses. Whatever you don’t use today can be saved and invested for the future, giving you a great way to build a nest egg for your health care expenses.
If you enroll in a High Deductible Healthcare Plan (HDHP) medical option, you can open an HSA in most cases.
Your Contributions
For 2026, you can save up to $4,400 if you’re covering just yourself, or $8,750 if you’re covering yourself and family. If you’re age 55 or older (or will turn age 55 during the plan year), you can also make additional before-tax “catch-up” contributions to your HSA up to $1,000.
You can start or change your HSA contributions at any time. Log into your benefits account, choose Change Your Coverage and then select the HSA contribution tile. All changes will be effective the first of the next month.
Investing Your HSA
Once your HSA cash balance reaches $1,000, you can invest any portion of the balance above $1,000 in select mutual funds. Set up your investments at myhealth.bankofamerica.com.
MyHealthBofA App
You’ll need your Bank of America account user ID and password. If you don’t have an account, register with your Social Security/account number.
