Health Savings Account

 

As long as you’re planning ahead, few things are more important than your health and that of your loved ones. An HSA is tax-exempt and established exclusively for the purpose of paying or reimbursing qualified medical expenses for yourself, your spouse and your dependents.1

  • If you’re eligible, you can establish an HSA much like you would an IRA.
  • Access your funds with special HSA Debit Card.
  • 2023 Contribution Limits – $3,850 Self-Only, $7,750 Family.
  • 2024 Contribution Limits – $4,150 Self-Only, $8,300 Family.
  • $1,000 additional catch-up for eligible individuals age 55 or older by the end of the year and have not enrolled in Medicare.
  • The IRS determines HSA eligibility and annual contribution limits. For more information, visit https://www.irs.gov/forms-pubs/about-publication-969.

1Consult a tax professional for tax advice.

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