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Health Reimbursement Accounts (HSA)

A Health Reimbursement Account (HSA) is a bank account designed to:  Help you pay for qualified health care expenses  Contributions and interest earned, are tax free  The account is owned and controlled by you. HSAs are portable and goes with you. Benefits of an HSA: Earn interest and save for future healthcare expenses tax-free. Pay for healthcare expenses for you and your family with a convenient debit card. After age 65, you can use HSA funds for non-qualifying expenses. IRS Limits 202 3 : 202 3 HSA Limits Minimum Deductible Maximum Out-of Pocket Contribution Limit Contribution Limit Age 55+ SINGLE $4, 8 50 $3, 8 50 $7,50 0 $1, 5 00

$1 5,000

$7, 75 0

FAM ILY

$ 7,750

$ 3 , 0 00

Most healthcare expenses are HSA eligible, such as:  Office Visit Copays  Prescription Drug Copays  Dental Treatment  Vision care, eyeglasses, and contact lenses

  

Eye Operations

Over-the-counter medications

Other unreimbursed health and dental expenses

How to get started: 

Enroll online: You must participate in the HDHP  Create an account– https://www.isolvedBenefitSevices.com  Follow Online HSA Instructions

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