Health Savings Account (HSA)
Tax-Advantaged Savings for Healthcare Expenses
Our Health Savings Account (HSA) offers triple tax advantages when paired with a qualified high-deductible health plan (HDHP).
- Tax-deductible contributions
- Tax-free growth on earnings
- Tax-free withdrawals for qualified medical expenses
- No "use it or lose it" policy - funds roll over year to year
- Portable account that stays with you
HSA Features
2023 Contribution Limits:
- Individual: $3,850
- Family: $7,750
- Catch-up contribution (age 55+): Additional $1,000
Contributions can be made up until the tax filing deadline (typically April 15 of the following year).
HSA funds can be used tax-free for a wide range of qualified medical expenses, including:
- Doctor visits and hospital services
- Prescription medications
- Dental and vision care
- Mental health services
- Medical equipment and supplies
Whether it's a sudden expense or just vacation to get away from everything, Heritage Dynamics Stream can make it happen.