|
gptkbp:instanceOf
|
gptkb:bank
|
|
gptkbp:abbreviation
|
gptkb:HSA
|
|
gptkbp:accountHolderControlsFunds
|
yes
|
|
gptkbp:advantage
|
yes
|
|
gptkbp:annualReportingRequired
|
yes
|
|
gptkbp:canBe
|
medical equipment
mental health services
physical therapy
prescription drugs
ambulance services
hearing aids
chiropractic care
qualified medical expenses
COBRA premiums
Medicare premiums (not Medigap)
dental expenses
long-term care insurance premiums
over-the-counter medications (with prescription)
vision expenses
|
|
gptkbp:canBeInheritedByNonSpouse
|
yes, but becomes taxable
|
|
gptkbp:canBeInheritedBySpouse
|
yes
|
|
gptkbp:canInvestFunds
|
yes
|
|
gptkbp:catchUpContributionAge
|
55
|
|
gptkbp:catchUpContributionAmount2024
|
$1,000
|
|
gptkbp:compatibleWith
|
dependents
Medicare enrollees
those covered by other health plans
|
|
gptkbp:contributionLimit2024Family
|
$8,300
|
|
gptkbp:contributionLimit2024Individual
|
$4,150
|
|
gptkbp:contributionsAreNotTaxableIncome
|
yes
|
|
gptkbp:contributionsAreTaxDeductible
|
yes
|
|
gptkbp:countryOfOrigin
|
gptkb:United_States
|
|
gptkbp:createdBy
|
gptkb:Medicare_Prescription_Drug,_Improvement,_and_Modernization_Act
|
|
gptkbp:earningsAreTaxFree
|
yes
|
|
gptkbp:employerContributionsAllowed
|
yes
|
|
gptkbp:formForReporting
|
gptkb:IRS_Form_8889
|
|
gptkbp:fundsPortability
|
yes
|
|
gptkbp:fundsRollOverYearToYear
|
yes
|
|
https://www.w3.org/2000/01/rdf-schema#label
|
Health Savings Account
|
|
gptkbp:interestAccruesTaxFree
|
yes
|
|
gptkbp:introducedIn
|
2003
|
|
gptkbp:owner
|
single
|
|
gptkbp:penaltyForNonMedicalWithdrawalAfterAge65
|
no penalty, but taxed as income
|
|
gptkbp:penaltyForNonMedicalWithdrawalBeforeAge65
|
20%
|
|
gptkbp:purpose
|
medical expense savings
|
|
gptkbp:regulates
|
gptkb:Internal_Revenue_Service
gptkb:IRS_Code_Section_223
|
|
gptkbp:requires
|
high-deductible health plan
|
|
gptkbp:withdrawalsForQualifiedMedicalExpensesAreTaxFree
|
yes
|
|
gptkbp:bfsParent
|
gptkb:IRS_Form_8889
|
|
gptkbp:bfsLayer
|
5
|