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Your Tax Guide to Health Savings Accounts

Benefit Resource Inc.

As an employee with a Health Savings Account (HSA), knowing what you need to report during tax season is important. It’s important only to use your HSA funds for qualified healthcare expenses , so make sure you keep good records and consult a tax professional if you’re unsure about what qualifies.

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2025 HSA contribution limits increase to $4,300, $8,550

WEX Inc.

Health savings account (HSA) contribution limits are on the rise again in 2025. For legal or tax advice, you should consult your own legal counsel, tax and investment advisers. 2025 HDHP minimum deductible and maximum out-of-pocket limits also are increasing. It is not legal or tax advice.

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What is an HDHP?

WEX Inc.

This can make HDHPs a great option for saving on monthly payments. Health savings accounts Another great perk of HDHPs is they can be paired with health savings accounts (HSAs). An HSA is a tax-advantaged savings account that allows you to save money specifically for medical expenses.

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Support your employees’ fertility benefit needs with an HSA or FSA

WEX Inc.

And did you know that a variety of fertility and infertility treatments are eligible for health savings account (HSA) and medical flexible spending account (FSA) funds? For legal or tax advice, you should consult your own legal counsel, tax and investment advisers. What are fertility benefits?

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HSA vs. FSA: See how you’ll save with each

WEX Inc.

Participating in a health savings account (HSA) or flexible spending account (FSA) is a great way to save money. Health savings account An HSA is an individually owned benefits plan funded by you or your employer that lets you save on purchases of eligible expenses.

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Are sunscreen and other SPF products HSA and FSA eligible?

WEX Inc.

Sunscreen can cost as much as $40 a bottle, but did you know you can actually use your health savings account (HSA) or medical flexible spending account (FSA) funds on many SPF-related expenses? For legal or tax advice, you should consult your own counsel. How’s your sunscreen stock? It is not legal or tax advice.

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Save on back-to-school expenses with your HSA or FSA

WEX Inc.

You might be surprised to learn that your health savings account (HSA) and medical flexible spending account (FSA) can help you save on purchases of a variety of back-to-school, expenses, including: Thermometers. Are you preparing to send your kids back to school soon?