3 Huge HSA Mistakes You Don't Want to Make

3 Huge HSA Mistakes You Don't Want to Make
·4 min read

A health savings account (HSA) is arguably one of the best places to stash retirement savings and money you plan to use for medical expenses. You're eligible to contribute to a health savings account in 2022 if you have an individual health insurance plan with a deductible of $1,400 or more or a family health insurance plan with a deductible of $2,800 or more. Any money you put in your HSA reduces your taxable income for the year, and if you use the money for medical expenses, you won't owe taxes on it at all.

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