💰 Health Savings Accounts (HSA)
A Smarter Way to Save for Healthcare Costs—Tax-Free
A Health Savings Account (HSA) is a tax-advantaged savings account that allows you to set aside money—tax-free—to pay for qualified medical expenses. It's a powerful tool for individuals and families with high-deductible health plans (HDHPs) who want to take control of their healthcare spending.
🔹 How HSAs Work
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Pre-tax Contributions: Contributions are made with pre-tax dollars, lowering your taxable income.
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Tax-Free Growth: Funds in your HSA grow tax-free—like a retirement account.
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Tax-Free Withdrawals: You can withdraw funds tax-free when used for qualified medical expenses.
🧾 What Can You Use HSA Funds For?
You can use HSA dollars for a wide variety of expenses, including:
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Doctor visits, hospital care, prescriptions
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Dental and vision care
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Mental health services
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Hearing aids and alternative therapies
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Some over-the-counter medications
✅ Funds roll over every year — no “use it or lose it.”
✅ Your HSA is portable — it stays with you even if you change jobs.
⚠️ Who Can Open an HSA?
To be eligible, you must:
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Be enrolled in a high-deductible health plan (HDHP)
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Not be enrolled in Medicare
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Not be claimed as a dependent on someone else's tax return
💼 HSA Contribution Limits for 2025
🤝 How We Help at Couvillier Advisors
At Couvillier Advisors, we guide you through:
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Choosing the right HSA-compatible health plan
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Setting up and funding your HSA
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Understanding qualified expenses
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Maximizing tax advantages for individuals, families, and self-employed clients
📞 Start Saving Smarter Today
We’ll help you set up the right HSA strategy as part of your health insurance planning—so your dollars go further.
Coverage Type | Annual Contribution Limit |
|---|---|
Ages 55+ Catch Up | Additional $1,000 |
Family | $8,300 |
Individual | $4,150 |
