Health Savings Account

A Health Savings Account (HSA) is a plan designed to help manage the rising cost of health care by allowing employees to set aside pre-tax money to pay for out-of-pocket medical expenses and to save for retirement. Participants in an HSA must be enrolled in a high deductible Health Plan (HDHP) and not covered by any other non-qualifying health plan.

HSAs are employee-owned accounts, and unused funds will earn interest and can be invested until they are withdrawn for eligible expenses or at retirement.

2024 HSA Contribution Limits

Self-Only — $4,150
Family — $8,300
HSA Catch-up Contributions for those ages 55+ — $1,000

If you're married, contribution limits can feel complicated. Use our HSA contribution calculator to quickly find out your contribution limit.

HSA Contribution Calculator

How Does it Work?

Choosing an Annual Election

Once a member enrolls and sets an annual election amount, that pre-tax amount will be automatically deducted from their paycheck in equal increments throughout the year. Keep in mind the contribution amount can be changed at any time, and post-tax contributions can also be made by check, online, or through the mobile app as long as it does not surpass the annual maximum for the year. 

Members are eligible to participate in an HSA if they:

  • have health coverage under a qualifying High Deductible Health Plan (HDHP)
  • are not eligible for Medicare
  • are not eligible to be claimed as a dependent on someone’s tax return
  • are not covered by any other non-qualifying health plan (i.e., a health plan offered through your spouse’s employer)
  • and/or your spouse are not enrolled in a FSA

Access My HSA Planner to get a personalized recommendation on how much to contribute to your HSA, estimate your tax savings, and see projected savings goals.

My HSA Planner

Start Spending

When members are ready to use the money from the HSA for any eligible medical expense, they can use the Surency Benefits Card or pay upfront and file a claim. Filing a claim electronically for reimbursement is easy through the Surency Member Account or the Surency Mobile App. Reimbursement will only occur if funds are available. 

Common Eligible expenses include medical copays and deductibles, eyeglasses, contacts, prescription medications, over the counter medication, first aid supplies, and much more. Access our full list of eligible expenses here: 

Eligible Expenses is great resource to purchase HSA-eligible items:

Managing HSA funds is easier than ever with our user-friendly Member Account and Mobile App. Check your account balance, submit a claim, manage notifications, and more.

Mobile App

Employers can add greater flexibility with HSA Advance by allowing employees to have access to a certain amount of their funds before they’ve contributed them to their HAS to pay for larger out-of-pocket expenses earlier in the year.

Save and Invest

Any unused funds in an HSA will carryover at the end of the year and will continue to earn interest and can be invested until they are withdrawn for medical expenses or until they turn 65 years old, when they can withdraw funds for any reason without incurring penalties. 

Surency offers investment opportunities for HSA Accountholders as well as investment transfers. This feature allows you to increase the balance maintained in your Cash Account to whatever level works best for you before the surplus is automatically transferred to your investments.

Learn more


We are confident that Surency is the solution for your business. Fill out this quick form to get started. A Surency Team member will reach out to you shortly.

heart icon

How We Help

Surency Login

Choose your Surency account type below to log in and access your account. Reimbursement accounts include FSA, DC FSA, LP FSA, HSA, HRA, Commuter, LSA, QSEHRA, Adoption Assistance, Travel Benefits, Direct Billing and Premium Only Plans.