Learning Center

Video Tips: You Might Consider a Health Savings Account

Tax-favored health savings accounts (HSAs) can only be established by eligible individuals who are covered by a high-deductible health plan (HDHP) and not covered under any other health plan which is not an HDHP, unless the other coverage is permitted insurance or coverage for accidents, disability, dental care, vision care, or long-term care. Eligible individuals may, subject to statutory limits, make contributions to HSAs, and employers, as well as other persons (e.g., family members), also may contribute on behalf of eligible individuals. (Code Sec. 106, Code Sec. 223)

Share this article...
Have Questions? Check out the frequently asked questions below, or contact us for support.
Hello, the TaxLAB Bot can help answer your common questions 24/7. For other questions not listed here, check out our FAQ page or use the Ask Me A Question form and one of our staff will respond within 48 hours.
Please fill out the form and our team will get back to you shortly The form was sent successfully