Health Savings Accounts (HSAs) were created in 2003 so that individuals covered by high-deductible health plans could receive tax-preferred treatment of money saved for medical expenses. Generally, an adult who is covered by a high-deductible health plan (and has no other first-dollar coverage) may establish an HSA.
HSA Indexed Amounts (Parameters) for Each Year:
For HSA questions involving individuals, call the IRS toll-free assistance line at 1-800-829-1040. For HSA questions involving businesses, call 1-800-829-4933.