The ability to contribute money to an HSA hinges on the type of health insurance plan you have. To qualify for an HSA, you must be enrolled in a high-deductible health insurance plan. In 2024, that means having a minimum deductible of $1,600 for self-only coverage, or $3,200 for coverage at the family level.
If you're able to fund an HSA in 2024, that's an option you'll want to take advantage of. That's because HSAs are loaded with tax benefits.
HSA contributions are tax-free, and money that isn't used right away can be invested. HSA gains are tax-free, and withdrawals are as well, provided that money is used for qualified healthcare expenses.
Source Fool.com