Open a CESA or HSA

Step 2. Fund Your Account

Fund your new account with a contribution or transfer.

There is a $2,000 annual contribution limit imposed by the IRS for CESAs. There are also annual income limits that may impact your ability to contribute to a CESA. For more information related to eligibility requirements, visit www.irs.gov or speak to a CPA or other financial professional.

You can fund your new HSA with a contribution, transfer from an existing HSA, or complete a once in a lifetime rollover from a Traditional IRA (up to the contribution limit).

Each year annual contribution limits are set by the IRS for HSAs. See the current contribution limits. To qualify for an HSA, you must have a high-deductible insurance plan. To learn more about eligibility requirements, visit www.irs.gov.

Step 3. Start Investing

Once your account is open and funded, you are ready to invest.

You direct all investments for your account with the freedom and flexibility to diversify your portfolio with both alternative and traditional assets.

Equity Trust will process the investment, per your direction, on behalf of your account.

You can process your investment direction online using the intuitive wizards or Transaction Launcher feature on myEQUITY to submit your request. The Transaction Tracker and dashboard provides access to monitor transactions, around-the-clock and from any device.

Health Savings Account (HSA)

A Health Savings Account (HSA) allows you to save for current and future medical expenses in a tax-advantaged environment, while potentially reducing your health insurance premiums.

Advantages:

• Potentially lower health care premiums
• Triple tax advantages – possible tax deductions, funds grow tax-deferred, and qualified expenses are tax-free
• Not a “use it or lose it” plan