Video Tips: You Might Consider a Health Savings Account

Tax-favored health savings accounts (HSAs) can only be established by eligible individuals who are covered by a high-deductible health plan (HDHP) and not covered under any other health plan which is not an HDHP, unless the other coverage is permitted insurance or coverage for accidents, disability, dental care, vision care, or long-term care. Eligible individuals may, subject to statutory limits, make contributions to HSAs, and employers, as well as other persons (e.g., family members), also may contribute on behalf of eligible individuals. (Code Sec. 106, Code Sec. 223)

Share this article...

Want tax & accounting tips and insights?

Sign up for our newsletter.

I confirm this is a service inquiry and not an advertising message or solicitation. By clicking “Submit”, I acknowledge and agree to the creation of an account and to the and .

Savannah - Primary Location

Looking for business accounting help in Savannah, GA?

2 East Bryan Street
Savannah, Georgia 31401
Mon - Sat: 7am - 5pm
Sun: Closed

Los Angeles (Virtual)

Looking for business accounting help in Los Angeles, CA?

21250 Hawthorne Blvd Ste 500
Torrance, California 90503
Mon - Sat: 7am - 5pm
Sun: Closed

Miami (Virtual)

Looking for business accounting help in Miami, FL?

66 W Flagler Street Ste 900
Miami, Florida 33130
Mon - Sat: 7am - 5pm
Sun: Closed

Get In Touch With Simply Business Accounting

You can count on us for professional, timely, and reliable tax and accounting services. If you’re ready to get started, just fill out this form and we’ll be in touch.

I confirm this is a service inquiry and not an advertising message or solicitation. By clicking “Submit”, I acknowledge and agree to the creation of an account and to the and .
I consent to receive SMS messages and agree with the