Health Savings Account (HSA)

A Health Savings Account (HSA) is a tax-advantaged account for people who are enrolled in an HSA-eligible high-deductible health plan (HDHP). Money is contributed pre-tax and accumulates each year that you’re enrolled — no expiration.

HSAs are used to pay for eligible health expenses, including some dental and vision costs. For more information about eligible expenses, read this article from the IRS.

If your HSA is managed by Gusto, visit your Gusto Benefits Card Manager portal to review transactions, claims, and more. If you offer an HSA through a third party, you can set up benefit deductions for your team

Note for employers: In order to purchase and provide a Health Savings Account through Gusto, you must first have medical insurance managed by Gusto. If your HSA is managed externally, set up the benefit to collect deductions.

Pre-tax Limits

Health Savings Accounts 2021 2022
HSA contribution limit (employee + employer)

Self-only: $3,600

Family: $7,200

Self-only: $3,650

Family: $7,300

HSA catch-up contributions (age 55 or older) $1000 $1000