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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.
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.
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.
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...
23 wrz 2024 · Key Takeaways. An HSA lets you set aside pre-tax income to cover healthcare costs if you have a qualifying high-deductible health plan. For the 2024 tax year, the maximum contribution amounts...
Browse our list of HSA-eligible qualified medical expenses to pay for healthcare items like prescriptions and doctor visits.
