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Individual Retirement Accounts (IRAs) have an “Earned Income” requirements. Do Health Savings Accounts have similar requirements?

April 26, 2017Health individual IRAs requirements retirement accounts savings accounts similar

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Individual Retirement Accounts (IRAs) have an “Earned Income” requirements. Do Health Savings Accounts have similar requirements?

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No. The IRS does not have any income requirements or limits on HSA Accounts. As long as you are an “eligible individual” you may contribute up to the IRS limits.