Health Savings Accounts (HSA)

A Health Savings Account (HSA) is a tax-advantaged savings account that lets you set aside money for qualified medical expenses. To qualify, you must be enrolled in a High-Deductible Health Plan (HDHP).

Triple Tax Advantage

• Contributions are tax-deductible — Reduce your taxable income dollar-for-dollar
• Growth is tax-free — Interest and investment earnings grow without being taxed
• Withdrawals are tax-free — When used for qualified medical expenses

2025 HSA Contribution Limits

Qualified Medical Expenses

HSA funds can be used for: doctor visits, dental and vision care, prescription drugs, mental health services, medical equipment, and more. After age 65, funds can be withdrawn for any purpose without penalty (though non-medical withdrawals are taxed).

HSA + HDHP Strategy

Combining a high-deductible health plan with an HSA is a powerful strategy for healthy individuals who want to minimize premiums, save on taxes, and build a medical emergency fund. Peter can help you evaluate whether this approach makes sense for you.