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Health Savings Accounts

How Are Contributions Made to an HSA?

Tax-advantaged contributions can be made in three ways:

  • You or your family can make tax deductible contributions to your HSA even if you do not itemize deductions on your federal income tax return.
  • Your employer can make contributions that are not taxed to either you or your employer.
  • Employers may allow employees to contribute untaxed salary through a salary reduction program.
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Investment products and services are offered through INFINEX INVESTMENTS, Inc. Member FINRA/SIPC. The Investment Center at South Shore Bank is a trade name of the Bank. Infinex and the bank are not affiliated. Products and services made available through Infinex are not insured by the FDIC or any other agency of the United States and are not deposits or obligations of nor guaranteed or insured by any bank or bank affiliate. These products are subject to investment risk, including the possible loss of value.