HSA
Health Savings Account An Health Savings Account (HSA) lets you put money away for future healthcare costs while saving on taxes. How? HSAs are never taxed at a federal income tax level when used for qualified medical expenses. Contributions can come straight out of your paycheck, and your HSA can grow tax-free too.
No ‘use-it-or-lose-it,’ keep your HSA forever
Create a healthcare emergency safety net
Invest 1 your HSA tax-free, like a 401(k)
Common qualified medical expenses:
Annual tax saving potential 2
$ 1,660 Family plan
$ 830 Individual plan
• Pain relievers • Doctor visits • Dental cleaning • Sleep aids
2024 IRS Contribution Limits
• Eyeglasses/contacts • Cold/cough medicine • Chiropractic care • Insulin testing supplies
$ 8,300
$ 4,150
Family plan
Individual plan
Members 55+ can contribute an extra $1,000
See how much you can save
HealthEquity.com/Learn/HSA
1 Investments made available to HSA members are subject to risk, including the possible loss of the principal invested, and are not FDIC or NCUA insured, or guaranteed by HealthEquity, Inc. | 2 Estimated savings are based on an assumed combined federal and state income tax rate of 20%. Actual savings will depend on your taxable income and tax status. | HealthEquity does not provide legal, tax or financial advice. Always consult a professional when making life- changing decisions. Copyright © 2023 HealthEquity, Inc. All rights reserved. OE_HSA_1-pager_May 2023
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