Does my employer have a time limit to deposit deductions from my paycheck into my HSA?
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Does my employer have a time limit to deposit deductions from my paycheck into my HSA?
Asked on September 7, 2012 under Employment Labor Law, North Carolina
Answers:
FreeAdvice Contributing Attorney / FreeAdvice Contributing Attorney
Answered 11 years ago | Contributor
The time period for an employer to deposit an employee's payroll deductions into his or her HSA account varies according to the particular plan that the employee has through his or her place of work. The way that you get the answer to your question is for you to speak with the fiduciary under the HSA plan that you have written about. From there, you can then check with your employer as to whether the payment of your deductions have been timely made to the HSA plan.
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