With Patelco Online™, you can securely manage your Health Savings Account (HSA).
An HDHP is an insurance policy that meets the dollar limits shown in the table below. For both 2023 and 2024, annual catchup contributions are $1,000 for individuals 55 or older.
High-deductible health plans and contribution limitations change annually to reflect cost-of-living increases.
2023 HDHP Limits
Plan Coverage | Self Only | Family |
Annual Deductible | $1,500 | $3,000 |
Annual Deductible plus out of pocket expenses cannot exceed | $7,500 | $15,000 |
Annual Contribution Limit | $3,850 | $7,750 |
2024 HDHP Limits
Plan Coverage | Self Only | Family |
Annual Deductible | $1,600 | $3,200 |
Annual Deductible plus out of pocket expenses cannot exceed | $8,050 | $16,100 |
Annual Contribution Limit | $4,150 | $8,300 |
The maximum contribution amounts you can make to your HSA account (based on your coverage) are in the chart above. Please ensure that you meet the eligibility requirements to open an HSA account to contribute.
Sole proprietors and others who are self-employed can have an HSA, and are, in fact, often ideal candidates for an HSA. In such situations, the business owner is both employer and employee. HSAs are often advantageous for the self–employed because:
You can, but you’ll need to pay a 20 percent tax penalty for the total amount you withdraw.
For standard delivery, send forms for new or existing HSA accounts to:
Patelco Credit Union
HSA Department #25
3 Park Place
Dublin, CA 94568
For overnight delivery, send forms for new or existing HSA accounts to:
Patelco Credit Union
HSA Department #25
3 Park Place
Dublin, CA 94568
Yes. Everyone who has an HSA or contributes to one is required to report: the account holder, employers, and the HSA’s custodian or trustee.
See the complete IRS list of qualified medical expenses (PDF).
You are eligible for any calendar month if you:
Still not sure whether you qualify for an HSA? Call us at 800.358.8228.
You can find your complete 14-digit HSA account number by logging into Patelco Online™ and tapping on the HSA account. Then select Account Details (will be listed as Show Details on the App) and look for Account Number for Direct Deposit and ACH Transactions. Full Patelco HSA numbers begin with “746” followed by zeroes (enough to make the full number 14 digits long), your Member Number, and a two-digit account type identifier.
For example, the complete 14-digit HSA account number for Member Number 12345 with HSA account suffix 80 is 74600001234580 (746 + 0000 + 12345 + 80)
You’ll need to use your complete 14-digit HSA account number when submitting requests for electronic contributions and/or electronic payments.
1 APY = Annual Percentage Yield
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