HSA Limits Are Getting a Major Boost in 2024. Here's Why It Pays to Max Out.
Healthcare is an expense that seems to burden Americans at just about any age, which is why it's important to have money on hand to pay for it. That's where health savings accounts, or HSAs, come in.
An HSA allows you to set aside money for medical costs that include copays for doctor visits, medications, and dental treatment. Unlike flexible spending accounts, HSAs don't require you to spend down your plan balance year after year. Quite the contrary -- carrying HSA funds forward could work to your benefit.
In 2024, HSA contribution limits are rising substantially. And you may want to push yourself to take advantage of that.
Source Fool.com
