How to Maximize Your HSA Before the End of the Year

As the year draws to a close, many health insurance policyholders are looking for ways to make the most of their health savings accounts (HSAs). While HSAs can provide valuable savings and tax advantages, optimally utilizing funds may be a complicated and nuanced process. At United Benefit Solutions, LLC, we’re here to help you take full advantage of the benefits your HSA offers before this year’s deadlines.

Understanding HSA Basics and Contribution Limits

An HSA is a tax-advantaged account designed to help you save for qualified medical expenses. Contributions to your HSA are tax-deductible, and withdrawals for eligible expenses are tax-free. Each year, the IRS sets limits on how much individuals and families can contribute to their accounts. In 2025, contributions are capped at $4,300 for individuals and $8,550 for families. Be sure to check your current balance and consider making additional contributions to maximize your savings. Contributions can typically be made until the deadline date for filing federal taxes for the year in question.

Eligible Expenses: What Can You Use HSA Funds For?

Your HSA funds can be used for a wide range of qualified medical expenses, including, but not limited to, the following:

• Doctor visits and copays
• Prescription medications
• Dental and vision care
• Over-the-counter medications and supplies
• Mental health services
• Certain medical equipment

Year-end HSA Strategies

To get the most from your HSA, consider these year-end tips:

• Review your contributions and make any final deposits before the deadline.
• Schedule any necessary medical appointments or procedures.
• Purchase eligible health products you may need in the coming months.
• Keep receipts and documentation for all HSA expenditures.

Remember, unlike flexible spending accounts (FSAs), HSA funds roll over year to year. However, maximizing contributions and using funds for eligible expenses can boost your long-term savings and tax benefits.

How We Can Help

If you have questions about contribution limits, eligible expenses or year-end strategies, we’re ready to assist. Contact us today to discuss your HSA and make sure you’re making the most of your health care savings.

This blog is intended for informational and educational use only. It is not exhaustive and should not be construed as legal advice. Please contact your insurance professional for further information.