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Account Contributions

HSA contributions can come from the employee, employer or both, all in the same tax year. Each year the IRS changes the maximum annual contribution. For 2010 the maximum is $3,050 for individuals and $6,150 for families. Catch-up contributions can be made by individuals 55 and over up to $1,000.

HSAs are portable and move with an employee if there is a change in employment.

Unused HSA funds roll over from year to year and interest continues to grow on a tax-deferred basis.

Sterling allows HSA accountholders to self-direct HSA investments (subject to IRS limitations).