What accounts do I need to link?
To use MaxHSA, you will link:
- Your HSA account
- A checking or savings account that will fund roundups
- One or more debit or credit cards used for purchases
Do these contributions count toward my HSA contribution limit?
Yes.
Money transferred to your HSA through MaxHSA counts toward the annual IRS HSA contribution limit.
If you are already contributing to your HSA through payroll deductions or personal contributions, you should monitor your total contributions to avoid exceeding the annual limit.
Can I pause or stop MaxHSA?
Yes.
You have full control over your account and can:
- Pause roundups
- Change your savings settings
- Update linked accounts
- Stop usingMaxHSAat any time
Can I save more than just roundups?
Yes. You can increase your savings by choosing a higher roundup level.
Instead of rounding only to the nearest dollar, you can choose to add:
- $1
- $2
- $3
to each purchase.
This allows you to grow your HSA savings faster.
Is there a fee?
Signing up for MaxHSA is free. However, a $5 transfer fee is applied each time money is transferred into your HSA. This fee is only charged when a transfer occurs, not on each purchase.