Ongoing Contributions

As an employer, you are able to make contributions to your employees' health savings accounts. Employees will have:

• An added incentive to sign up for the HDHP/HSA.
• Additional peace of mind when enrolling in an HDHP/HSA.

We offer you several ways to make contributions to your employees' HSAs. You simply pick the option that is most convenient for you.

HSA Bank's Group Online Contribution system allows you to make one-time or recurring contributions to your employees' HSAs.  You control your contributions to your employees' HSAs.  HSA Bank offers several features that allow you to manage your employees' HSA contributions, including:

• Automatic Fill-in Capability
• Email Confirmations
• Transfer History Section
• Dual Control Option

To learn how to use the Group Online Contribution system,click here.

The first step to accessing Group Online Contributions is to sign up.  To sign up for HSA Bank's Group Online Contribution, click here. The next step is to log into HSA Bank's employer site.  To log into the HSA Bank employer site, click here. If you do not have a username and password for the employer site, click here or contact HSA Bank's Business Relations Coordinators at 1-866-357-5232.

Wires are sent to a clearing account with HSA Bank. The money is then distributed to the individual HSAs. Wires must be accompanied by an electronic transaction file directing HSA Bank on how to distribute the funds. Please coordinate with our Business Relations Representatives if this is the method you choose as the means to contribute to the accounts. It can take up to three weeks to implement and test this process before wires can be used for contributions.

ACH can send your funds to either a clearing account, similar to wired funds, or directly to the individual HSAs.

• ACH Clearing Account
  Funds transferred by ACH will need to be accompanied by the transaction file and coordinated with a Business Relations Representative. It can take up to three weeks to implement and test this process before making contributions through an ACH clearing account.
• Direct ACH
  To send money to the individual HSAs, you will need to collect HSA Bank account numbers for the employees.

You can send a check, which needs to be accompanied by an Employer Contribution Form. The form indicates how the funds will be disbursed. Please click here for the Employer Contribution Form.

Important Note: HSA legislation states that, unless contributions are made through a Section 125 Plan, employer contributions must be comparable to all eligible employees. That means, the contributions are either the same dollar amount or percentage of deductible for each employee.