HSA Flashcards
1
Q
What is a health savings account?
A
A health savings account is an account that money can grow tax free and and can be withdrawn for free if the money is used for medical or dental bills
2
Q
What is an HSA
A
A health savings account
3
Q
Maximum contribution to an HSA for 2022 single and Married?
A
3650 for single and 7300 for married
4
Q
For HSA what is the amount of extra catch up contributions for people 55 or older?
A
1000 extra
5
Q
What is a HDHP?
A
An HDHP is a high deductible Health plan.
6
Q
For 2022 what deductible qualifies to be a HDHP?
A
1400 single or 2800 for family up to 7050 for single or 14100 for family
