HSA Amounts Increase for 2020
For 2020, the annual contribution limit is $3,550 for self-only coverage (up from $3,500 in 2019) and $7,100 for family coverage (up from $7,000 in 2019). If you are 55 or older by the end of the year, there is…
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Health Savings Account Limits Increase for 2018
For 2018, the annual limit on deductible contributions is $3,450 for self-only coverage (up from $3,400 in 2017) and $6,900 for family coverage (up from $6,750 in 2017). There is an additional HSA catch-up contribution if age 55 or older…
HSA: An Additional Retirement Account
A health savings account (HSA) is a triple tax-free account, where you make pre-tax contributions, which grow tax-free, and can be withdrawn tax-free to pay for eligible health care expenses for yourself, spouse, or tax dependents.