Make contributions. In 2027, the maximum amounts you can contribute to the HSA are:

• Up to $4,500 for individual coverage.
• Up to $9,000 for family coverage.
• If you are age 55 or older (or turn age 55 in 2026), you may contribute an additional $1,000 (also known as catch-up contributions).
• Never pay taxes. Contributions are made from your paycheck on a pretax basis, and the money will never be taxed when used for qualified medical expenses.
• It’s your money. Unused money can be carried over each year and invested for the future, with the potential to gain interest or earnings tax-free. You can even take it with you if you leave EXL or retire.
• Invest your account. You can invest it in mutual funds, giving your account more opportunity to grow.

You are eligible to open and fund an HSA if:

• You are not enrolled in any other non-HSA qualified medical plan.
• You are not covered by your spouse’s medical plan (unless it is a qualified high deductible health plan), Flexible Spending Account (FSA) or Health Reimbursement Arrangement (HRA).
• You are not eligible to be claimed as a dependent on someone else’s tax return.
• You are not enrolled in Medicare, TRICARE or TRICARE for Life.
• Care received through the VA in the preceding three calendar months was dental, vision or preventive care or was provided to a veteran who has a disability rating from the VA.