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limits who can contribute to an HSA. Only individuals covered by an HSA-qualified health plan (sometimes called high-deductible or consumer choice health plan) may open or contribute to an HSA. An HSA-qualified health plan must meet government-mandated limits on minimum deductibles and maximum out-of-pocket expenses.
Health Savings Accounts (HSAs) An HSA is a tax-exempt trust or custodial account you set up with a qualified HSA trustee to pay or reimburse certain medical expenses you incur. You must be an eligible individual to contribute to an HSA. No permission or authorization from the IRS is necessary to establish an HSA. You set up an HSA with a trustee.
View contribution limits for 2024 and historical limits back to 2004. Includes contribution limits for both single and married people as well as catch-up contribution amounts (ages 55+). Spend wisely with the internet's most comprehensive list of HSA eligible expenses.
5 lut 2024 · What is an HSA-eligible expense? The IRS has a broad list of expenses related to medical, dental, and vision care that it considers as qualified expenses for HSAs. As long as you spend your...
You can pay for a wide range of IRS-qualified medical expenses with your HSA, including many that aren't typically covered by health insurance plans. This includes deductibles, co-insurance, prescriptions, dental and vision care, and more.
Once you’ve contributed money to your health savings account (HSA), you can use it to pay for qualified medical expenses for yourself, your spouse and your eligible dependents. In general, the amount you spend will be federal income tax-free. Examples of qualified medical expenses.
Qualified medical expenses. Use our search tool below to find out what expenses qualify. Filter by account type and expense type to learn what you can buy with your health account.
