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Lesson · Health · tax

The only account with a triple tax advantage.

An HSA is deductible going in, grows tax-free, and comes out tax-free for medical costs — and it can be invested, not just spent.

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$2,100
Illustration: $8,750 family contribution, 24% bracket

ELIGIBILITY

Your plan must clear both bars

Deductible: $1,700+Deductible: $3,400+
Out-of-pocket: $8,500Out-of-pocket: $17,000

How it works

Medical bill stacking

1
Fund the HSA firstThe expense must come after it is open
2
Pay medical bills out of pocketLeave the HSA dollars invested
3
Save every receiptAnd never deduct that expense elsewhere
4
Reimburse yourself laterQualified receipts have no expiration

Key points

Six facts that change the plan

✓
No income phase-outs
✓
Keep it without an HDHP
✓
Age 55: extra $1,000
✓
Self-directed options exist
✓
Non-medical: tax plus 20%
✓
After 65: tax, no penalty

LIMITS

Contribution limits by year

Self: $4,300Self: $4,400
Family: $8,550Family: $8,750
Fund by Apr 15, 2026Fund by Apr 15, 2027

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The The HSA field guide — one page

The strategy, the checklist, the key numbers, and links to the actual tax code. Print it, take it to your CPA. Free, no strings.

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Field guide · PDF

The HSA

Cliff notes + checklist + the law

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The law behind it

Primary sources

Verify against the source before you rely on it. This is education, not legal or tax advice.

26 U.S.C. Sec. 223 — Health Savings Accounts — deduction, contribution limits, and qualified distributions.law.cornell.edu/uscode/text/26/223
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