Health Savings Account

What is an HSA, who is eligible, limits, and more.

Who is HSA eligible?

An individual with qualifying high deductible health plan (HDHP) coverage and no disqualifying non-HDHP coverage can be HSA eligible. An...

What is the annual HSA contribution limit?

The IRS sets yearly contribution limits. For 2023, you can contribute up to $3,850 annually for yourself and up to...

What is an HSA qualified medical expense?

A “qualified medical expense” includes expenditures for medical care, as defined under the Internal Revenue Code, for the HSA account...

What is a health savings account (HSA)?

An HSA is a tax-favored bank account that certain eligible individuals can use to pay for medical expenses. HSAs can...