Health Savings Account

What is an HSA?

An HSA is a tax-advantaged personal savings account that can be used to pay for medical, dental, vision and other qualified expenses now or later in life.

How much can I contribute to my HSA?
Contributions can be made by the eligible employee, their employer, or any other individual. Annual contributions from all sources may not exceed $4,150 for singles or $8,300 for families in 2024. Individuals aged 55 and over may make an additional $1,000 catch-up contribution.

Do I have to spend all my contributions by the end of the plan year?

Unlike a flexible spending account (FSA), unused money in your HSA isn't forfeited at the end of the year, it continues to grow, tax-free.

HSA resources