7. How Does it Work? Health Savings Account Plan High Deductible Insurance Savings Account Protects You From Big Medical Claims Helps Pay Your Deductible Tax- Deductible Deposits Interest Income Tax Free Tax Free For Medical Care
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18. Quick Review: Who may establish a Health Savings Account? How much may one contribute? What happens at HSA $ upon retirement? Any qualified individual with a qualified HDHP $2,900 (individual) or $5,800 (family) HSA $ may be spent tax free for medical, just like before, or may be used for anything and taxed at the regular tax rate without penalty.