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 2025 |
---|---|
Single | $4,300 |
Single + Children | $8,550 |
Family | $8,550 |
Catch-Up Contribution (Age 55+) | $1,000 |