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Health Savings Accounts

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A Health Savings Account (HSA) is an account that individuals can invest dollars to save for future medical expenses. A HSA is a tax-exempt account established for the purpose of paying medical expenses in conjunction with a High-Deductible Health Plan (HDHP). 

Health Savings Accounts combined with a high deductible health plan from your insurance provider can reduce healthcare costs, and provide you with a tax-advantaged, lifetime medical savings account.

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*Fees subject to state & local option sales tax


Maximum Contributions

HSA Type 2020 2021
Single HDHP $3,550 $3,600
Family HDHP $7,100 $7,200
Catch-Up (if age 55 or over) $1,000 $1,000

Not sure if a High Deductible Health Plan is right for you?

A good place to start is by visiting with a trusted insurance agent or your Human Resources department.  In the mean-time, check out our FAQ's on Health Savings Accounts.

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