Health Savings Account Services

Below are the maximum contribution amounts you can make to your HSA account based on your coverage. Please ensure that you meet the eligibility requirements to open an HSA account to contribute.

• 2021 Health Savings Account Maximum Contribution Limits:
  Self-Only Coverage $3,600
  Family Coverage $7,200
• 2022 Health Savings Account Maximum Contribution Limits:
  Self-Only Coverage $3,650
  Family Coverage $7,300

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:

• high–deductible health insurance plans generally have modest premium costs, and may be an effective cost–containment mechanism
• the self–employed individual is protected against potentially catastrophic healthcare expenses, and
• the HSA may serve the dual purpose of providing for both medical and retirement expenses

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.