IRS Increases Health Savings Limits for AT&T Employees #att #hsa #medicalexpenses #healthcare

Published: Aug 28, 2024 Duration: 00:00:58 Category: People & Blogs

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AT&T employees did you know the IRS increased contribution limits for hsas let's talk about it it's increased to 8,300 for families and $4,150 for individuals plus if you're older than 55 you can add an additional ,000 on top of that annually this means couples could potentially save up to $10,300 per year savings accounts are more than just a way to pay for medical expenses they're also valuable tools for retirement planning your contributions grow without being taxed and when you use them for qualified medical cost those withdrawals aren't taxed either unlike fsas hsas remain with you even if you change jobs and you have the option to invest These funds for potential long-term growth as healthcare costs rise using an HSA strategically could make a huge difference in your future imagine having over a $100,000 saved in your HSA by the time you retire that's real security against future medical expenses all while taking advantage of tax savings give us a call so we can start making the most of your HSA contributions

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