HSA
A tax-advantaged savings account available to individuals enrolled in a High-Deductible Health Plan (HDHP), used to pay for qualified medical expenses on a pre-tax basis.
Contributions are tax-deductible; growth is tax-free; withdrawals for qualified medical expenses are tax-free (triple tax advantage). 2025 contribution limits: $4,300 (self-only) and $8,550 (family). HSA balances roll over each year and can be invested for long-term growth.
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Frequently asked questions about HSA
What is Health Savings Account (HSA)?+
A tax-advantaged savings account available to individuals enrolled in a High-Deductible Health Plan (HDHP), used to pay for qualified medical expenses on a pre-tax basis. Contributions are tax-deductible; growth is tax-free; withdrawals for qualified medical expenses are tax-free (triple tax advantage).
Who qualifies for HSA?+
Eligibility rules vary. Use BK's free Benefit Eligibility Screener to see if you may qualify based on your situation.
How do I apply for HSA?+
BenefitKarma's free Benefit Eligibility Screener can point you to the right application path.
Where can I get help?+
Use BenefitKarma's free Benefit Eligibility Screener to see what programs you may qualify for. The Find Benefits tool tool also lets you browse programs by state.