Who is eligible to open an HSA?

You’re eligible to open an HSA if you’re enrolled in a qualifying high-deductible health plan (HDHP), are not enrolled in Medicare, are not claimed as a dependent on someone else’s tax return, and do not have any other disqualifying health coverage. For more information, see IRS Publication 969 for eligibility criteria. HealthEquity does not verify HSA eligibility.

Can I open an HSA if I have an ACA Bronze Plan?

Yes. Starting January 1, 2026, ACA Bronze Plans qualify as HSA-qualifying coverage.

Can I open an HSA on my own or only through an employer?

Yes, you can open an HSA on your own as long as you meet the HSA eligibility requirements. Employers may offer the convenience of payroll contributions, but you can also set one up independently.

When can I open an HSA?

You can open an HSA now if you have a qualifying high-deductible health plan (HDHP). If your employer offers an HSA as a benefit, you can enroll with them during open enrollment. Open an HSA today

Where can I open an HSA with HealthEquity?

If your HSA is offered through your job, you can open an HSA with your employer, often during open enrollment. You can also open an HSA independently at any time with a provider like HealthEquity. Important: If you are eligible for your employer’s HSA, the HealthEquity individual enrollment option is generally not used—you would typically enroll through your employer.

How long does it take to open an HSA?

Most HealthEquity HSAs can be opened in as little as 10 minutes and funded within a few business days.

How much can I contribute to an HSA?

For 2025, the annual IRS limits are $4,300 for individuals and $8,550 for families. For 2026, the annual limits rise to $4,400 and $8,750. If you’re 55 or older, you can contribute an extra $1,000 each year. The IRS adjusts these limits annually.

Can I carry over unused HSA funds?

Yes, any unused funds automatically roll over year to year with no expiration.

What expenses are HSA-qualified?

HSAs cover qualified medical expenses (QMEs), such as doctor visits, prescriptions, dental care, and vision care. Browse our detailed list of HSA-qualified medical expenses for more details.

Can I transfer an HSA to HealthEquity from another provider?

Yes, you can transfer or roll over your HSA funds to HealthEquity without losing tax advantages. Transfer my HSA

What happens to my HSA if I change jobs?

Your HSA is yours to keep. It’s not tied to your employer and remains fully portable.

What tax forms will I receive for my HSA?

You will receive Form 1099-SA for distributions and Form 5498-SA for contributions to report on your tax return.

Open a Health Savings Account

Unlock More Affordable Health Savings with HealthEquity

A Health Savings Account (HSA) is a tax-advantaged way to save, spend, and invest in healthcare expenses. Open an HSA and make a contribution, and we'll match the first $25¹.

Already have an account?
Access it here

Why a HealthEquity HSA?

Pay for healthcare

HSAs cover thousands of qualified medical expenses, including doctor visits and over the counter medications.

Get $25 on us

Open and contribute to your account and we'll match the first $25.

Use pre-tax dollars

Helps make health expenses easier to manage, so you can save for other things that matter.

Save for the future

An HSA offers ways to watch your money grow, to build a nest egg or use toward tomorrow's health needs.

What is an HSA?

An HSA is a tax-advantaged savings account that you can use to cover qualified medical expenses now or in the future. Now, ACA Bronze plan members are eligible for this benefit to help make healthcare more affordable.

Now including ACA Bronze Plan Members

Can I open an HSA?

You can open an HSA with HealthEquity and start saving on out-of-pocket healthcare costs if:

You have a high-deductible health plan (HDHP) or an eligible ACA Bronze Plan.
You're not enrolled in another non-qualified health plan.
You're not enrolled in Medicare
You're at least 18 years old and not claimed as a dependent

How to open an HSA

Open in minutes.
Start saving for life.

Sign up online

We'll collect some information to start your account, and verify if you meet eligibility requirements.

Connect your bank

We'll link your account through a secure financial platform.

You fund. We contribute.

Open your account today and we'll contribute $25 to get you started.

Health Savings
Account FAQs

Who is eligible to open an HSA?

You’re eligible to open an HSA if you’re enrolled in a qualifying high-deductible health plan (HDHP), are not enrolled in Medicare, are not claimed as a dependent on someone else’s tax return, and do not have any other disqualifying health coverage. For more information, see IRS Publication 969 for eligibility criteria. HealthEquity does not verify HSA eligibility.
Can I open an HSA if I have an ACA Bronze Plan?

Yes. Starting January 1, 2026, ACA Bronze Plans qualify as HSA-qualifying coverage.
Can I open an HSA on my own or only through an employer?

Yes, you can open an HSA on your own as long as you meet the HSA eligibility requirements. Employers may offer the convenience of payroll contributions, but you can also set one up independently.
When can I open an HSA?

You can open an HSA now if you have a qualifying high-deductible health plan (HDHP). If your employer offers an HSA as a benefit, you can enroll with them during open enrollment.

Open an HSA today
Where can I open an HSA with HealthEquity?

If your HSA is offered through your job, you can open an HSA with your employer, often during open enrollment. You can also open an HSA independently at any time with a provider like HealthEquity.
Important: If you are eligible for your employer’s HSA, the HealthEquity individual enrollment option is generally not used—you would typically enroll through your employer.
How long does it take to open an HSA?

Most HealthEquity HSAs can be opened in as little as 10 minutes and funded within a few business days.
How much can I contribute to an HSA?

For 2025, the annual IRS limits are $4,300 for individuals and $8,550 for families. For 2026, the annual limits rise to $4,400 and $8,750. If you’re 55 or older, you can contribute an extra $1,000 each year. The IRS adjusts these limits annually.
Can I carry over unused HSA funds?

Yes, any unused funds automatically roll over year to year with no expiration.
What expenses are HSA-qualified?

HSAs cover qualified medical expenses (QMEs), such as doctor visits, prescriptions, dental care, and vision care. Browse our detailed list of HSA-qualified medical expenses for more details.
Can I transfer an HSA to HealthEquity from another provider?

Yes, you can transfer or roll over your HSA funds to HealthEquity without losing tax advantages.

Transfer my HSA
What happens to my HSA if I change jobs?

Your HSA is yours to keep. It’s not tied to your employer and remains fully portable.
What tax forms will I receive for my HSA?

You will receive Form 1099-SA for distributions and Form 5498-SA for contributions to report on your tax return.

Save, grow, and invest with an HSA.

Keep more of your money today, roll over unused funds for the future, and set aside a tax-free nest egg for retirement.

Save on your healthcare

Use tax-free money to pay for doctor visits, prescriptions, and dental care.

Grow your future savings

Your HSA funds never expire — they carry over every year with no use-it-or-lose-it.

Invest in your retirement

An HSA works like a second 401(k) — grow a tax-free nest egg for retirement.

Article

Am I eligible for a Health Savings Account?

Online Guide

Explore our HSA Guide

Page

Qualified Medical Expenses