When does money get transferred to my HSA?
Roundups accumulate and are withdrawn from your linked bank account twice per month.
Once your savings balance reaches $50, the funds are transferred into your HSA.
How do I get started in MaxHSA?
Getting started takes only a few minutes.
You will:
- Create your MaxHSA account
- Link your HSA account
- Link a bank account that will fund your roundups
- Link one or more cards used for everyday purchases
Once set up, MaxHSA begins tracking roundups automatically.
How does MaxHSA work?
When you link your debit or credit card, MaxHSA tracks your purchases and rounds each transaction up to the nearest dollar.
Example:
Purchase: $39.78
Roundup saved: $0.22
These small roundups accumulate over time and are periodically transferred into your HSA once a minimum balance is reached.
What is MaxHSA?
MaxHSA is a savings tool designed to help you grow your Health Savings Account (HSA) balance automatically.
It works by using purchase roundups and cashback rewards from everyday spending to help you build additional savings in your HSA.
MaxHSA is completely optional and is designed to make saving for healthcare expenses easier.
Am I eligible for COBRA if my company closed or went bankrupt and there is no health plan?
If there is no longer a health plan, there is no COBRA coverage available. If, however, there is another plan offered by the company, you may be covered under that plan. Union members who are covered by a collective bargaining agreement that provides for a medical plan also may be entitled to continued coverage.