2023 Health Savings Account amounts

Is a Health Savings Account Right for You?

Is a Health Savings Account Right for You?

With the escalating cost of health care, many people are looking for a more cost-effective way to pay for it. For eligible individuals, a Health Savings Account (HSA) offers a tax-favorable way to set aside funds (or have an employer do so) to meet future medical needs. Here are four

Sonya Foster2023-10-31T09:04:23-06:00October 31st, 2023|

Inflation Adjusts 2023 Amounts for Health Savings Accounts

Inflation Adjusts 2023 Amounts for Health Savings Accounts

The IRS recently released guidance providing the 2023 inflation-adjusted amounts for Health Savings Accounts (HSAs). High inflation rates will result in next year’s amounts being increased more than they have been in recent years. HSA Basics An HSA is a trust created or organized exclusively for the purpose of paying

Sonya Foster2022-06-14T08:54:45-06:00June 14th, 2022|