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2022 年最佳 HSA 账户

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Health Savings Account (HSA)

A type of savings account that lets you set aside money on a pre-tax basis to pay for qualified medical expenses. By using untaxed dollars in a Health Savings Account (HSA) to pay for deductibles, copayments, coinsurance, 2022 年最佳 HSA 账户 and some other expenses, you may be able to lower your overall health care costs. HSA funds generally may not be used to pay premiums.

While you can use the funds in an HSA at any time to pay for qualified medical expenses, you may contribute to an HSA only if you have a High Deductible Health Plan (HDHP) — generally a health plan (including a Marketplace plan) that only covers preventive services before the deductible. For plan year 2022, the minimum deductible for an HDHP is $1,400 for an individual and $2,800 for a family. When you view plans in the Marketplace, you can see if they’re "HSA-eligible."

For 2022, if you have an HDHP, you can contribute up to $3,650 for self-only coverage and up to $7,300 for family coverage into an HSA. HSA funds roll over year to year if you don't spend them. An HSA may earn interest or other earnings, which are not taxable.

Some health insurance companies offer HSAs for their HDHPs. Check with your company. You can also open an HSA through some banks and other financial institutions.

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IRS Announces 2022 年最佳 HSA 账户 2022 年最佳 HSA 账户 2022 Health Savings Account Limits As HSA Assets Soar

The Internal Revenue Service has announced new, higher contribution limits for health savings accounts for 2022. Are you maxing out these benefits?

At the end of January, Americans held $82.2 billion in 30 million health savings accounts, according to HSA advisory firm Devenir. That’s a year-over-year increase of 25% for HSA assets and a 6% increase for the number of accounts. HSA investment assets soared to an estimated $23.8 billion at the end of December, up 52% year-over-year. On average, investment account holders had a $17,926 total balance (cash deposits and investments combined). That’s 6.5 times the average account balance of $2,737 for account holders who hold cash deposits only. Just 6% of account holders are investing a portion of their HSA dollars—according to Devenir’s 2020 year-end HSA report—representing a missed opportunity for big, long-term savings.

HSAs are the best way to save courtesy of Uncle Sam, with triple tax benefits. You put money in on a taxfree basis (usually through salary deferrals), it builds up tax free (you can invest it), and it comes out taxfree to cover out-of-pocket healthcare expenses. It’s a great deal whether you use the money in the account for current out-of-pocket healthcare expenses, or invest it with the intention of using it 2022 年最佳 HSA 账户 to help cover your healthcare costs in retirement.

IRS Revenue Procedure 2021-25 has the official numbers for 2022: You can contribute $3,650 for individual coverage, up from $3,600 for 2021, or $7,300 for family coverage, up from $7,200 for 2021 into an HSA. If you’re 55-plus, you can sock away an additional $1,000 a year. That catch-up amount isn’t subject to inflation adjustments.

You can contribute to an HSA if you’re in a qualifying high-deductible health plan. For 2022, that means a plan with a minimum annual deductible of $1,400 for individual coverage or $2,800 for family coverage. Out-of-pocket maximums are $7,050 for individual coverage and $14,100 for family coverage for 2022.

How much should you contribute? At a minimum, you should contribute 2022 年最佳 HSA 账户 enough to cover your deductible. Got an unexpected doctor’s bill? You can put money into 2022 年最佳 HSA 账户 your HSA, take it right out, and the government just paid 25% of the bill. (The higher your tax bracket, the bigger your savings.) Thanks to a Covid-19-tax relief provision, you can use money you stash in an HSA for over-the-counter medications like Tylenol or Flonase as well as menstrual products like tampons and pads.

Are you investing your HSA dollars? The real juice to an HSA is use it as a retirement savings 2022 年最佳 HSA 账户 kitty. You can invest and let your money grow for decades tax-free, so long as you, or a surviving spouse, eventually use it for medical expenses. An HSA can even serve as a backup rainy-day fund; if you suddenly need cash, you can take money out tax-free to reimburse yourself for any prior years’ medical expenses paid from outside the account. Plus, once you turn 65, you can withdraw money for non-medical uses, paying the same tax as you would on withdrawals from a pretax 401(k).

In the meantime, you can still top off health savings account contributions for tax year 2020 through the Covid-19-related extended tax day deadline of May 17, 2021. Also, check that your 2021 contributions are on track.

Most HSAs are offered as an employee benefit. So when workplace open enrollment comes around, that time you’re picking your health care benefits for 2022, pay special attention to your HSA choices. Some employers even pitch in and contribute to your account (the average employer contribution was $870 for those making contributions, Devenir found, worth mentioning to your HR department). If you’re self-employed, you can set up an account at Fidelity or Lively, which both offer fee-free HSAs for individuals. If you’re stuck in a dud HSA with high fees or if you’ve left a job that offered an HSA, note that you can move your old HSA to a new provider.2022 年最佳 HSA 账户

Don’t confuse HSAs with healthcare FSAs (sometimes confusingly called health spending accounts). FSAs have lower 2022 年最佳 HSA 账户 contribution limits and are riskier because typically you have to spend the money down in one year or you forfeit it, although some FSAs have a $550 carryover provision. Congress loosened the carryover rules for FSAs because of the coronavirus pandemic. By contrast, the money you put in an HSA is yours to keep forever: you can spend it when you want. If you have an HSA-eligible health plan, you can’t also put away 2022 年最佳 HSA 账户 money in a regular FSA but you can put money in a limited FSA for dental and vision care expenses only.

2022 poised to be another benchmark year for HSAs

mock HSA card in green

(Photo: Shutterstock)

With more than 31 million health savings accounts holding nearly $93 billion in assets as of midyear 2021 per Devenir Research, HSAs and their place in the market have continued to evolve at a rapid clip. And while health insurance and HSA confusion still exists for both employees and employers, more and more individuals and businesses are harnessing the win-win benefits HSAs offer.

Gone are the days of HSAs serving primarily as a transactional 12-month spending account. From more employers offering contributions to employee HSAs to more accountholders investing at least a portion of their HSA dollars, the health savings 2022 年最佳 HSA 账户 account of 2022 has come a long way in the nearly 20 years HSAs have been in existence.

You can't put money in a health savings account once you're on Medicare. A House bill to change that comes with tradeoffs

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Under a bill pending in Congress, Medicare beneficiaries would be allowed to set aside money in health savings 2022 年最佳 HSA 账户 accounts — something they currently can't do.

However, it also would change a couple of the benefits that come with HSAs for anyone who's 65 or older.

Called the Health Savings for Seniors Act and recently introduced in the House, the bipartisan 2022 年最佳 HSA 账户 bill (H.R. 7435) revives past legislative efforts to let individuals on Medicare contribute to HSAs. With many workers using these accounts in conjunction with their employer health plan, more 2022 年最佳 HSA 账户 people are likely to reach age 65 — the point at which you become eligible for Medicare — with an HSA in tow.

"Many clients who have established HSA accounts think that they can continue funding the HSA past enrollment in Medicare," said Elizabeth Gavino, founder of Lewin & Gavino and an independent broker and general agent for Medicare plans. "They're usually surprised to find out they can't."

The bill's tradeoffs? It would remove the ability to use HSA withdrawals to pay for Medicare premiums — something that's currently allowed. It also would eliminate penalty-free withdrawals for nonmedical expenses in the 65-and-older crowd as now permitted.

At the end of 2021, there were 32 million of these accounts — up 8% from 2020 — holding an aggregate $98 billion, according to a report from investment consultant Devenir. The firm expects that to grow to 38 million accounts with $150 billion in assets by the end of 2024.