Did you know you could save a million dollars for healthcare by retirement? It's possible, but it takes planning! This news talks about Health Savings Accounts (HSAs).
HSAs are like special bank accounts just for your healthcare costs. You save money in them before taxes, and you don't pay taxes on the money when you use it for healthcare.
It's like getting extra money!
- You can save money in an HSA if you have a high-deductible health insurance plan.
- The money grows tax-free.
- You can contribute more money if you are older than 55.
| Fact | Number |
|---|---|
| 2025 individual contribution limit | $4,300 |
| 2025 family contribution limit | $8,550 |
| Extra contribution for those 55+ | $1,000 |
