Product Feature: One-time Contributions

Admins can use the one-time contribution feature to correct account funds.

Administrators of First Dollar HSAs can now make one-time contributions to an account. This feature will enable HSA administrators to make adjustments for underfunded accounts without contacting our (lovely!) Customer Support team.

🎶 All the administrators who are now independent, throw your hands up at me. ​​🎶)

Why did customers request this feature?

Employee A changed their HSA contribution amount to a higher amount, but I forgot to update their contribution last payroll cycle. One-time contributions allowed me to make an off-cycle contribution that corrected Employee A’s underfunded account. And I was able to do this all myself before I finished my coffee—no need for any phone calls or emails.

HR Benefits Specialist

It looks like this.

screenshots of First Dollar Manager showcasing workflow for making a one-time contribution
 Admins can use the one-time contribution feature to make adjustments for any underfunded accounts due to previous pay period errors.

Here’s how to make a one-time contribution.

  • Step 1: Log in to the First Dollar Manager.
  • Step 2: Select “Contributions."
  • Step 3: Select the + button sign in the top right corner.
  • Step 4: Choose one of two how you would prefer to add the new contribution. You can select an existing employee or upload a spreadsheet with the desired new contribution.
  • Step 5: Celebrate!

Here's some info on the First Dollar Manager.

First Dollar is a health wallet platform that health plans and TPAs use to offer consumer-directed benefits to their members under one platform. Benefits admins (employer benefits specialists, health plan managers) use the First Dollar Manager to oversee their members' benefits.

Check it out!

Like this new feature (and have a First Dollar Manager account)? Log in to the First Dollar Manager to explore this feature and others.

Josh Hostetler

Josh leads content for First Dollar, a fintech company that builds infrastructure for health spending benefits. Before First Dollar, Josh led course creation at Aceable, taught First Grade, waited tables at Olive Garden, and wore many other hats. He misses the breadsticks.