Health Savings Account

A Health Savings Account is a personal savings account that individuals can establish while participating in a High Deductible Health Plan (HDHP). An HSA allows you to put money away on a pre-tax basis and withdraw it tax free, as long as you use it for qualified medical expenses, like deductibles, copayments, coinsurance and more.

Health Savings Account Contributions
Tier IRS Allowed Contribution Limit 2024
Single $4,150
Single + Children $8,300
Family $8,300
Catch-Up Contribution (Age 55+) $1,000