Health Savings Accounts (HSA's)

The maximum contribution into an HSA for 2020 is $3550 for an individual and $7100 for a family- over 55 may contribute an additional $1000.  Generally contributions are pretax, have the potential to grow tax deferred, and withdrawals are tax free for qualified medical expenses-today, tomorrow, and/or to pay for expenses medicare doesn’t cover when the time comes.

HSA money not taxed if 65+ and if used for qualified medical expenses

For quotes or any questions, please call me at 888-792-6580