Health Savings Account (HSA)

A health savings account (HSA) is a tax-advantaged account for people who are enrolled in a 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.

Note for employers: In order to purchase and provide a Health Savings Account through Gusto, you must first have medical insurance managed by Gusto.

Pre-tax Limits

Health Savings Accounts 2018 2017
HSA contribution limit (employee + employer)

Self-only: $3450

Family: $6900

Self-only: $3400

Family: $6750

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

Questions & Answers

Q: What’s the difference between an HSA and an FSA?

A: Visit this article from our Help Center.

Q: Can I have an HSA and an FSA?

A: If you have an HSA, you’re only eligible for a “Limited purpose FSA.” Learn more from this article in our Help Center.

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