Health Savings Account (HSA)
A pre-tax savings account tied to an HDHP. Funds carry over indefinitely and grow tax-free.
An HSA is a tax-advantaged savings account for healthcare expenses, available only when paired with an HSA-qualified High-Deductible Health Plan (HDHP). 2025 contribution limit: $4,300 individual / $8,550 family. HSAs offer triple tax advantage: deductible contributions, tax-free growth, tax-free withdrawals for qualified expenses. Funds carry over indefinitely. At 65, withdrawals can be used for any purpose (taxed as income but not penalized).
Frequently asked questions
What is health savings account (hsa)?
An HSA is a tax-advantaged savings account for healthcare expenses, available only when paired with an HSA-qualified High-Deductible Health Plan (HDHP). 2025 contribution limit: $4,300 individual / $8,550 family. HSAs offer triple tax advantage: deductible contributions, tax-free growth, tax-free withdrawals for qualified expenses. Funds carry over indefinitely. At 65, withdrawals can be used for any purpose (taxed as income but not penalized).
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