An HSA is for individuals and families with High Deductible Health Plans. It is an IRA-like account that allows you to save for present and future health expenses. All account balances are interest-paying and federal tax-deductible. For 2025, individuals can contribute up to $4,300 to their HSA accounts and families can contribute up to $8,550. Additional catch-up contribution of $1,000 if more than 55 years old.
Contributions are made into the account by the individual or their employer and are limited to a maximum amount each year.
The contributions are invested over time and can be used for qualified medical expenses, such as medical, dental, and vision care, as well as prescription drugs.
Qualified withdrawals are tax and penalty free at any time regardless of age or length the account has been open, and if used for qualified health care expenses.
An HSA provides easy options for contributions and withdrawals:
HSA delivers federal tax savings, tax-free earnings and more1
Use the funds to pay for current medical expenses or save for future qualified health needs
No “use it or lose it” rules with an HSA
Keep your HSA or move it between financial institutions if you change jobs
Family saves money on all prescription medication purchases
Get quality, convenient, and low-cost lab testing
You are eligible for HSA any calendar month if you:
Still not sure whether you qualify for an HSA? Call us at 800.358.8228.
An HDHP is a High Deductible Health Plan is health insurance with a high minimum deductible for medical expenses that must be paid before insurance kicks in. In other words, your monthly premium is usually lower, but you pay more health costs yourself before the insurance company covers its share.
High-deductible health plans and contribution limitations change annually to reflect cost-of-living increases.
2025 HDHP Limits
| Plan Coverage | Self Only | Family |
| Annual Deductible | $1,650 | $3,300 |
| Annual Deductible plus out of pocket expenses cannot exceed | $8,300 | $16,600 |
| Annual Contribution Limit | $4,300 | $8,550 |
For 2025, annual catchup contributions are $1,000 for individuals 55 or older.
Yes, HSAs are portable. You can transfer the assets in your HSA from another financial institution to Patelco.
The maximum contribution amounts you can make to your HSA account (based on your coverage) are in the chart below. Please ensure that you meet the eligibility requirements to open an HSA account to contribute.
High-deductible health plans and contribution limitations change annually to reflect cost-of-living increases.
2025 HDHP Limits
| Plan Coverage | Self Only | Family |
| Annual Deductible | $1,650 | $3,300 |
| Annual Deductible plus out of pocket expenses cannot exceed | $8,300 | $16,600 |
| Annual Contribution Limit | $4,300 | $8,550 |
For 2025, annual catchup contributions are $1,000 for individuals 55 or older.
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:
1 Consult your tax advisor about HSA tax advantages.
2 APY = Annual Percentage Yield
