A health savings account (HSA) is a tax-advantaged savings account that can be used to pay for health care expenses.
Advantages of an HSA
Triple Tax Benefits
Money contributed is pre-tax, interest accrued is tax-free, and funds are not taxed when used on qualified health care expenses.
Portable
The contributed funds are tied to you and not a single employer.
Funds Belong to You
Any contributions you make will roll over from year-to-year.
Is an HSA Right for You?
HSAs are a good fit for individuals who:
- Have predictable healthcare needs and are comfortable with higher deductibles
- Are interested in taking advantage of the tax benefits
- Receive employer contributions to their HSA
Contribution Limits
2024
Single: $4,150
Family: $8,300
2025
Single: $4,300
Family: $8,550
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