You may be able to deduct contributions to a health savings account (HSA). These tax-free savings accounts can be used to pay for medical expenses incurred by you, your spouse or your dependents. They are used in conjunction with high-deductible health care plans (HDHPs), where your basic health insurance does not cover first-dollar medical expenses.
AAII 2025–2026 Tax Guide: Health Savings Account Rules—Eligibility, Contribution Limits and Qualified Expenses for 2026
HSA eligibility requirements, 2026 contribution limits and qualified medical expenses, along with strategies for using these tax-advantaged accounts to pay for health care costs.
