The IRS has released next year’s inflation-adjusted amounts for Health Savings Accounts. For 2024, the annual contribution limit for an individual with self-only coverage under a high-deductible health plan (HDHP) will be $4,150. For an individual with family coverage, it will be $8,300. This is up from $3,850 and $7,750, respectively, for 2023. For calendar
high deductible health plans Archives - Crawford Ellenbogen
May 25, 2023
The IRS has just announced 2024 amounts for Health Savings Accounts
- By Joan Ellenbogen
- Business
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Nov 30, 2021
Would you like to establish a Health Savings Account for your small business?
- By Victor Dozzi
- Business, Deductions
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With the increasing cost of employee health care benefits, your business may be interested in providing some of these benefits through an employer-sponsored Health Savings Account (HSA). For eligible individuals, an HSA offers a tax-advantaged way to set aside funds (or have their employers do so) to meet future medical needs. Here are the important