If you lose your job - or change jobs - you can lose your employer-based health-care benefits. That's not the case with an HSA. You keep your account and everything in it if you change jobs or become unemployed.
Health Savings Accounts
Save for emergency and routine care
Earn dividends on deposits
Enjoy a range of tax benefits
Take some of the sting out of rising medical costs.
HSAs let you set aside money for future health-care needs.
When you or a family member become ill or get injured, there should be a single focus - getting well again. No one should have to worry whether they can afford the proper care. With a Health Savings Account, you can set aside thousands of dollars a year for a wide range of physician, hospital, mental health, dental and vision care if you have a high-deductible insurance policy.
- $50 minimum deposit to open account
- HSA contribution limits for 2024 are $4,150 for individual coverage and $8,300 for family coverage. (People 55 and older can contribute an additional $1,000)
- Annual contributions are tax-deductible or pre-tax if made by payroll deduction
- Annual dividend earnings and withdrawals for qualified medical expenses are tax-free
- Unlimited check-writing on Health Savings Accounts
- Any unused funds after one year are automatically rolled over to the next year
IT'S YOURS TO KEEP
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