Are employers required to make contributions to the HSAs of independent contractors, even if they are covered by the company's HDHP?

An employer does not have an obligation to make HSA contributions to independent contractors. This holds true regardless of whether or not the employer has a Cafeteria Plan, since by definition these individuals are not employees. It is the employer's responsibility to seek legal counsel to determine which individuals are considered independent contractors.

Introducing UMB HSA Saver

UMB HSA Saver is a unique investment platform designed with ease in mind. Account holders can easily research, buy and sell funds with a couple clicks.

How to Use ReceiptVault

Easily track and manage your healthcare receipts using ReceiptVault.

HSA FAQ Resource

Find answers to your most common HSA questions in our comprehensive HSA FAQs section.