Can deposits (contributions) be made with the HSA debit card at an ATM?
No. Contributions on your HSA must be made in cash inside a Brazos Valley Bank lobby or via direct deposit from your employer. Contribution Deadline: HSA contributions must be made by the eligible individual’s tax return due dates for the year, not including extensions (April 15th). This same deadline applies regardless of who makes the contribution. Enrollment in Medicare: There is no specific age restriction for HSA contribution eligibility. Contributions, however, cannot be made beginning with the month the eligible individual enrolls in Medicare. Internal Revenue Code states that an individual who is “entitled to benefits under” Medicare ceases to be an HSA-eligible individual starting with the month he/she is entitled to benefits. Qualified Medical Expenses: Qualified medical expenses are medical expenses that are 1) incurred on behalf of the HSA owner, his spouse, or dependents, 2) incurred after an HSA has been established, 3) not covered by insurance, and 4) paid by the HSA own
