The Hamilton Bank

Monthly Consumer Tips

Health Savings Accounts

·   HSAs can be a smart strategy to help in the fight against rising healthcare costs.  During annual enrollment, put an HSA-eligible plan on your list to consider.

·  The triple tax advantages enable investors to accumulate savings toward and pay for these expenses on a tax-free basis.

·  HSA contribution limits for 2023 have increased. For an individual with self-only coverage under an HDHP, the limit is $3,850, and for an individual with family coverage, it is $7,750.

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