As we celebrate Health Savings Account ( HSA) Day and “20 Years of HSAs” on Oct. 15th this year, Our independent agency wants to continue to educate our clients about how to utilize a HSAs and how they can use this vehicle as a strategy to save money on taxes and future medical expenses costs down the road. A Health Savings Account (HSA) can benefit people of all ages and lifestyles. Right now about 86% of employees say they are interested in their employer offering an HSA and it is our job to continue to educate consumers of these strategic benefits. The HSA contributions limits for 2024 are $4150 for self only coverage and $8300 for family coverage. Those 55 and older can contribute an additional $1000 as a catch up contribution.
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