The IRS recently released guidance providing the 2022 inflation-adjusted amounts for Health Savings Accounts (HSAs). Fundamentals of HSAs An HSA is a trust created or organized exclusively for the purpose of paying the “qualified medical expenses” of an “account beneficiary.” An HSA can only be established for the benefit of an “eligible individual” who is
high deductible health plan Archives - Crawford Ellenbogen
Jun 9, 2021
The IRS has announced 2022 amounts for Health Savings Accounts
- By Joan Ellenbogen
- Business
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Jun 25, 2020
IRS releases 2021 amounts for Health Savings Accounts
- By Joan Ellenbogen
- Business
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The IRS recently released the 2021 inflation-adjusted amounts for Health Savings Accounts (HSAs). For calendar year 2021, the annual contribution limitation for an individual with self-only coverage under a HDHP is $3,600. For an individual with family coverage, the amount is $7,200. This is up from $3,550 and $7,100, respectively, for 2020. For calendar year 2021, an