The ColoHealth Health & Wealth Newsletter
April 2026
Vol. 29, Issue 4

April 15 HSA Deadline: Your Triple Tax Advantage Is Waiting

April 15 is Tax Day — and it’s also the last day to make HSA contributions that count for 2025.

Most people focus on what they owe the Internal Revenue Service (IRS) on Tax Day. But HSA holders have a rare opportunity to reduce what they owe, right up until the filing deadline.

What You Can Still Contribute for 2025

You have until April 15, 2026, to make contributions that apply to the 2025 tax year.

One important note: to contribute to an HSA, you need to be enrolled in an HSA-qualified health plan. This includes most Bronze and Catastrophic plans, certain Silver plans, and qualifying health sharing plans. If you’re not sure whether your plan qualifies, check your policy documents — it should say if it’s HSA-qualified — or reach out to your Personal Benefits Manager and they’ll confirm it for you.

The 2025 limits are $4,300 for self-only coverage and $8,550 for family coverage. If you’re 55 or older, you can add another $1,000 as a catch-up contribution — that’s up to $5,300 if you have self-only coverage. 

For a family where both spouses are 55 or older, each spouse can contribute the additional $1,000, but each catch-up contribution must go into a separate HSA.

Every dollar you contribute now reduces your 2025 taxable income dollar-for-dollar. If you haven’t maxed out yet, this is your final opportunity before the April 15 cutoff.

The Triple Tax Advantage — No Other Account Matches It

Your HSA is the only account in the U.S. tax code that offers three separate tax benefits.

First, contributions are tax-deductible — they reduce your taxable income immediately. Second, your money grows completely tax-free inside the account. Third, withdrawals for qualified medical expenses are also tax-free.

No 401(k), no IRA, no brokerage account gives you all three. That’s why maxing out your HSA every year is one of the smartest financial moves a healthcare consumer can make.

Tip: Funds you don’t spend roll over indefinitely. Many people invest their HSA balance and let it grow tax-free for retirement healthcare costs. Before age 65, withdrawals for non-medical expenses are subject to income tax plus a 10% penalty. 

After age 65, the penalty goes away — you can withdraw for any reason — but non-medical withdrawals are still subject to ordinary income tax, just like a traditional Individual Retirement Account (IRA). Withdrawals for qualified medical expenses remain tax-free at any age.

Big News: DPC + HSA Now Work Together

On January 1, 2026, the rules changed in a way that benefits a lot of our members.

A new federal law — the One Big Beautiful Bill Act (OBBBA) — changed that on July 4, 2025. Individuals enrolled in qualifying direct primary care (DPC) arrangements can now contribute to an HSA without losing eligibility. 

Previously, DPC was considered “other coverage” by the IRS — which disqualified you from making HSA contributions.

Under the new rules, your DPC fees are also treated as qualified medical expenses, meaning you can pay them directly from your HSA tax-free. The monthly fee limit is $150 for individuals or $300 for families.

DPC pairs naturally with health sharing. Health sharing members who see any doctor they choose can combine a DPC membership — for routine, ongoing primary care — with their HSA for maximum savings and flexibility. 

Talk to your Personal Benefits Manager to see if this combination makes sense for your situation. There is never any charge for a consultation.

Your Pre-Deadline Action Checklist

Act before April 15 to capture every dollar of tax savings available to you:

• Check your 2025 contributions. Log in to your HSA custodian’s portal and confirm how much you’ve contributed so far this year.
• Calculate the gap. Subtract your contributions from the 2025 limit ($4,300 individual / $8,550 family) to find out how much you can still add.
• Make your contribution. Most custodians allow online transfers. Make sure you designate the contribution as “2025” — not 2026.
• Keep your receipts. Save documentation for every qualified expense you’ve paid out of pocket. You can reimburse yourself tax-free later — even years from now.
• Ask your Personal Benefits Manager about DPC. If you’re interested in combining direct primary care with your HSA starting in 2026, now is a great time to plan ahead.

Any medical expense used to treat — or prevent the worsening of — a specific condition you have is eligible to be paid from your HSA. This includes things your doctor recommends for your situation, even if they are not prescription items, such as a nutritional supplement to manage blood pressure or sunglasses prescribed for glaucoma. For a list of the most common qualified expenses, visit the IRS official HSA resource (Publication 969).

Ready to make the most of your HSA? Schedule your free HSA strategy consultation at www.ColoHealth.com.

Check out our latest blog posts:

• Colorado Employer’s Guide to ACA Reporting Deadlines 2026 
• DPC + Health Sharing: The Best Health Insurance Replacement 
• How Colorado Families Are Saving $20,000+ With Health Sharing Plans?

To Your Health and Wealth,

Wiley P. Long III
President- ColoHealth

Author of Health Sharing: The Authoritative Guide to America’s Fastest-Growing Health Insurance Alternative

The ColoHealth Health & Wealth Newsletter is published monthly and emailed to subscribers at no charge. Subscribe now to stay on top of the critical information you need to know about health insurance, healthshare plans and managing your finances to achieve financial security.

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