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The Health Savings Account (HSA) allow you to set aside pre-tax dollars to pay for eligible expenses. By contributing to a HSA you reduce your taxable income, so you pay less in taxes — which saves you money.

Important Reminder: The Eligibility rules for an HSA only apply for putting money in tax-free. If you are no longer eligible to put money in tax-free, you can still continue to use your HSA funds on qualified medical expenses tax free.

HSA IRS Maximums are as follows (any employer provided HSA funds will apply to the maximum noted below):

$3,850 for a single contract | $7,750 for a two person or family contract
$1,000 "Catch Up" contribution for those age 55+
If you are only covered by the HDHP PPO plan for part of the 2023 calendar year, your maximum allowable contribution is prorated based on the date you are covered by the HDHP PPO plan.