Health Savings Accounts (HSA) WA
Health Savings Accounts (HSA) WA
Pay for doctor visits, prescriptions, dental check-ups and more with pre-tax dollars.
Triple Tax Benefits*
Contribute with pre-tax dollars, receive tax-free returns, and make tax-free withdrawals.
No “Use It or Lose It” Rules
Any unused money in your account is carried over to the next year and accrues interest.
Use for Nearly Any Medical Related Expense
Funds can be used for a wide range of items. See a complete list of approved expenses.
You Own The Account
Even if you leave your employer, relocate, or become unemployed, the money is yours.
Supplement Your Retirement
After age 65, you can use the funds for non-medical expenses without penalty.
Easy Account Access
Access your funds with your HSA debit card or checks.
HSA Eligibility
At least 18 years old
At least 18 years old
Covered by a qualifying high-deductible health plan (HDHP)
see limits belowCovered by a qualifying high-deductible health plan (HDHP)
see limits belowCovered by Medicare
Covered by Medicare
Covered by another health plan that is not an HDHP
Covered by another health plan that is not an HDHP
Claimed as a dependent on another person’s tax return
Claimed as a dependent on another person’s tax return
Eligible
Individual HSA
At least 18 years old
Yes
Covered by a qualifying high-deductible health plan (HDHP)
see limits belowYes
Covered by Medicare
No
Covered by another health plan that is not an HDHP
No
Claimed as a dependent on another person’s tax return
No
Eligible
Family HSA
At least 18 years old
Yes
Covered by a qualifying high-deductible health plan (HDHP)
see limits belowYes
Covered by Medicare
No
Covered by another health plan that is not an HDHP
No
Claimed as a dependent on another person’s tax return
No
Not Eligible
At least 18 years old
No
Covered by a qualifying high-deductible health plan (HDHP)
see limits belowNo
Covered by Medicare
Yes
Covered by another health plan that is not an HDHP
Yes
Claimed as a dependent on another person’s tax return
Yes
HSA Guidelines
Individual (2023)
Individual (2023)
Family (2023)
Family (2023)
HDHP Minimum Deductible
Individual (2023)
$1,500
Family (2023)
$3,000
HDHP Annual Out-of-Pocket Limit
Individual (2023)
$7,500
Family (2023)
$15,000
HSA Contribution Limit
Individual (2023)
$3,850
Family (2023)
$7,750
HSA 55+ Catch-up Contribution Limit
Individual (2023)
$1,000
Family (2023)
$1,000
Ready to open your Health Savings Account?
Call us