Statements (34)
| Predicate | Object |
|---|---|
| gptkbp:instanceOf |
gptkb:bank
|
| gptkbp:abbreviation |
gptkb:HSA
|
| gptkbp:administeredBy |
financial institutions
|
| gptkbp:advantage |
contributions are tax-deductible
earnings grow tax-free withdrawals for qualified medical expenses are tax-free |
| gptkbp:catchUpContribution |
$1,000 for age 55 and older
|
| gptkbp:contributionLimit2024 |
$4,150 for individuals
$8,300 for families |
| gptkbp:country |
gptkb:United_States
|
| gptkbp:eligibility |
medical equipment
prescription drugs vision care dental care doctor visits cannot be enrolled in Medicare must be covered by a high-deductible health plan cannot be claimed as a dependent on another person's tax return |
| gptkbp:establishedBy |
gptkb:Medicare_Prescription_Drug,_Improvement,_and_Modernization_Act
|
| gptkbp:establishedIn |
2003
|
| gptkbp:penalty |
non-qualified withdrawals subject to income tax and penalty
no penalty after age 65, but income tax applies |
| gptkbp:portable |
account remains with the individual
|
| gptkbp:purpose |
save for medical expenses
|
| gptkbp:regulates |
gptkb:Internal_Revenue_Service
|
| gptkbp:relatedTo |
gptkb:Health_Reimbursement_Arrangement
gptkb:Flexible_Spending_Account |
| gptkbp:rollover |
unused funds roll over year to year
|
| gptkbp:website |
https://www.irs.gov/publications/p969
|
| gptkbp:bfsParent |
gptkb:IRS_Form_5329
gptkb:Medicare_Prescription_Drug,_Improvement,_and_Modernization_Act gptkb:Medicare_Prescription_Drug,_Improvement,_and_Modernization_Act_of_2003 |
| gptkbp:bfsLayer |
6
|
| https://www.w3.org/2000/01/rdf-schema#label |
Health Savings Accounts
|