Health savings accounts.
Understand the plan.
Plan for the costs.
An HSA can be part of the conversation about paying for healthcare. Talk with CPIS about HSA-eligible health coverage and the questions to take to your account provider and tax adviser.
An HSA is an account held with a qualified trustee or custodian. This page does not offer account opening, fund custody, or investment management through CPIS.
Your health coverage.
Your healthcare savings.
A Health Savings Account is an individually owned account that can be used for qualified medical expenses. Eligibility to make contributions depends on HSA-eligible health coverage and other federal requirements.
- Review the health plan’s HSA eligibility
- Understand who can contribute and how much
- Compare custodian fees and account terms
- Review federal and California tax treatment separately
A deductible alone does not establish HSA eligibility. Confirm that the plan qualifies and review any other coverage that could affect contributions. Explore our Group Health Insurance overview.
Understand how the account fits your benefits.
Review plan eligibility, account terms, and tax rules together. The health insurer, account custodian, and tax adviser have different roles.
Contribution eligibility
Federal requirements consider your health coverage and personal circumstances. Medicare enrollment, dependent status, and other health coverage can affect eligibility.
Contribution limits
Annual IRS limits and eligibility rules apply. Employer and employee contributions generally count toward the same applicable limit. Review the current year and any midyear changes.
Qualified expenses
Funds may be used for eligible medical expenses, including qualifying dental and vision costs. Keep records and check IRS rules before assuming an expense qualifies.
Ownership & continuity
The account belongs to the individual. Unused funds carry forward, and the account can remain theirs after a job change. Eligibility for new contributions must still be reviewed.
Review the current IRS guidance rather than relying on an old contribution limit or assuming every high-deductible plan or benefit arrangement qualifies.
Federal tax advantages do not automatically apply to California taxes.
Federal law provides tax advantages for eligible HSA contributions and qualified withdrawals. California does not conform to federal HSA treatment.
California generally does not allow the federal HSA contribution deduction, and account earnings may be taxable for California purposes. Ask a qualified tax adviser how contributions, earnings, and reporting apply to your circumstances.
Review California Franchise Tax Board guidance →Bring your health plan.
And your benefits questions.
Select Other / Not sure on our quote form and mention HSA-eligible health coverage. Include a short business description and your renewal or preferred review date.
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Your coverage
Current health plan name, benefit summary, renewal date, and whether the plan is designated HSA-eligible.
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Your employer arrangement
Approximate employee count and locations, current benefits, and any employer contribution approach you want to discuss.
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Your account & tax questions
Identify questions for a qualified custodian and tax adviser. Do not send account numbers, medical histories, tax returns, or Social Security numbers through the public inquiry form.
Questions about HSAs.
These are general explanations. Individual eligibility, account terms, and federal and state tax rules need separate review.
Is an HSA itself a health insurance policy?
No. It is an account used for healthcare expenses. Your health insurance policy determines covered services and plan cost sharing; the HSA holds funds under its own account terms and tax rules.
Does a high deductible automatically mean I can contribute?
No. Confirm that your actual coverage is HSA-eligible and that you meet the other federal requirements. Other health benefits, Medicare enrollment, or being claimable as someone else’s tax dependent can affect eligibility.
Can both an employer and an employee contribute?
Yes, subject to the applicable rules. Contributions from both generally count toward the same annual limit. Coordinate amounts with payroll and your tax adviser to avoid excess contributions.
Do unused funds expire at the end of the year?
HSA balances carry forward rather than expiring each year. The account remains individually owned, including after a job change. Account fees and eligibility for additional contributions still need review.
Can I use HSA funds to pay health insurance premiums?
Generally, premiums are not qualified HSA expenses, although federal rules provide specific exceptions. Check current IRS guidance and your tax adviser before using funds for premiums or claiming favorable tax treatment.
Does contacting CPIS open or fund an HSA?
No. This form starts a benefits and health-coverage inquiry. An HSA is established with a qualified trustee or custodian. Contacting CPIS does not open an account, transfer money, or confirm contribution eligibility.
Put HSA-eligible coverage into the conversation.
Tell us about your current health plan and the benefits questions you want to explore.