3 Things You Need to Know Before Stashing Money in an HSA in 2024

From Nasdaq, Inc.:

1. HSA eligibility rules and contribution limits are changing in 2024, with individual deductibles at $1,600 and family plan at $3,200.2. Contribution limits are rising in 2024, with individuals allowed up to $4,150 and families saving up to $8,300, increasing tax savings.3. Investing HSA funds is critical for maximizing returns and retirement benefits, with potential tax-free medical withdrawals and retirement expenses*outpacing savings account while requiring careful considerations for fees and investment options. It is suggested to review HSA eligibility annually and plan contributions for following years.



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