Health Savings Accounts

What is an HSA?

An HSA is a tax-advantaged account that you can use for qualified medical expenses.  You can contribute to pre-tax money to an HSA if you are enrolled in a qualifying high-deductible health plan (HDHP). HASA funds can be used for a wide range of medical expenses, including copayments, deductibles, and prescription drugs. All HSA contributions, earnings, and qualified withdrawals are all tax-free.

Benefits Of Having An HSA

Who Qualifies For An HSA

Health Savings Accounts

Limits
2025 HSA Contribution Limits
Individual Plan
Family Plan
Age 54 or Younger
$4,300.00
$8,550.00
Age 55 or Older
$5,300.00
$9,550.00
Minimum Annual Deductible
$1,650.00
$3,300.00

*Contributions for the 2024 tax year can be made until April 15, 2025

* Consult a tax professional for tax advice

IRA

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