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Your search term "Hsa" returned 25 FAQs and 10 page results.

Health Savings Accounts | Provident Credit Union

A Health Savings Account (HSA) is a tax-deductible savings account you can use to pay for a wide variety of health expenses. Learn more or apply online.

Health Savings Checking Account | Provident Credit Union

Provident's HSA Checking works like a checking account and earns dividends. Funds for immediate medical expenses are accessed with a debit card. Learn more.

HSA "Add-On" Certificate | Provident Credit Union

HSA "Add-On" Certificates are available to Health Savings Account (HSA) holders. 12 or 24 month terms are available. Learn more or apply online.

Provident Credit Union

Health Savings Accounts (HSAs) are sometimes referred to as "Medical IRAs". An HSA is a tax-deductible savings account that can be used to pay for a wide ...

Application & Form Center | Provident Credit Union

HSA Forms (.pdfs). HSA Beneficiary Designation. Use this form to change beneficiaries listed on your HSA account. HSA Withdrawals. Use this form the conduct a ...

Public Employees | Provident Credit Union

HSA "Add-On" Certificate. This account is available to Health Savings Account (HSA) holders. With an HSA certificate, you have the option to choose either a 12 ...

Tax Filing Toolkit | Provident Credit Union

Reported HSA distributions ... The IRS requires us to issue Form 5498-SA if you had any contribution activity in your Provident Health Savings Account (HSA) ...

2024 Tax Toolkit | Provident Credit Union

Reported HSA distributions, Jan 31, Jan 31. 1099-MISC, Miscellaneous income, Jan 31, Jan 31. FMV/RMD, Fair market value of retirement account, Jan 31, Jan 31.

Member Service Charge Schedule | Provident Credit Union

HSA Monthly Service Charge⁰⁶. $2.00. HSA Cancellation Service Charge. $15.00. IRA Transfer Fee⁰⁷. $15.00. CHECKING ACCOUNTS. Checking Accounts. Description ...

Business Calculators | Provident Credit Union Business Banking

How much can be saved with HDHP with a HSA? This plan allows your employees to pay for certain medical expenses with tax-free money, it can reduce premium ...

FAQ Results

The annual contribution limits, adjusted each year for inflation are different for single and family policies. Eligibility is generally determined on a monthly basis as of the first day of each month. Under this rule, the monthly contribution limit is 1/12th of the annual contribution limit.

Please see the chart below for details:

Limits	Annual HSA contribution limit	Monthly HSA contribution limit	Catch-up contribution limit*
2023: Single	$3,850	$320.83	$1,000
2023: Family	$7,750	$645.83	$1,000
2024: Single	$4,150	$345.83	$1,000
2024: Family	$8,300	$691.67	$1,000

*The "catch-up contribution" is an additional amount that can be contributed by an eligible individual who will attain age 55 before the end of the year for which contributions are being made. The annual amount limit shown should also be divided by 12 to determine the monthly catch-up contribution limit.

In addition:

The amount you can contribute to your HSA is reduced by the amount of Archer MSA contributions made for the same year.
Contributions of stock or other property are not allowed.

"HDHP" stands for High Deductible Health Plan, which is a health plan with the following minimum deductibles and maximum annual deductibles for out-of-pocket expenses. All health care administrators will be able to tell you if they have a qualifying HDHP.

Annual HDHP Limits	Minimum Deductible	Maximum Deductible plus Out-of-Pocket Expenses
2022: Single Coverage	$1,400	$7,000
2022: Family Coverage	$2,800	$14,000
2023: Single Coverage	$1,500	$7,500
2023: Family Coverage	$3,000	$15,000
2024: Single Coverage	$1,600	$8,050
2024: Family Coverage	$3,200	$16,100

Tax documents for shares, mortgages, IRAs, and HSAs are mailed each January. Provident tax documents will be sent and made available as applicable online before or by the dates in the table below. You can access them on the 'Statements & Notices' page in online banking.

Form #	Form Description	Mail Date	Online Forms Available
1099-INT	Interest income statement	Jan 31	Jan 31
1099-R	Reported IRA distributions	Jan 31	Jan 31
1099-Q	Reported Coverdell ESA distributions	Jan 31	Jan 31
1099-SA	Reported HSA distributions	Jan 31	Jan 31
1099-MISC	Miscellaneous income	Jan 31	Jan 31
FMV/RMD	Fair market value of retirement account	Jan 31	Jan 31
1098	Mortgage interest	Jan 31	Jan 31
1098-HELOC	Home Equity Line of Credit interest	Jan 31	Feb 28
1042-S	Foreign person's US source income subject to withholding	March 15	March 15
1099-C	Cancellation of debit	Jan 31	N/A
5498-ESA	Reported IRA Coverdell contributions	April 30	April 30
5498	Reported IRA contributions	May 31	May 31
5498-SA	Reported HSA contributions	May 31	May 31