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Health Savings Account

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...