Checkbook HSA-LLC Formation

A Checkbook Health Savings Account – Checkbook HSA – is a powerful financial, tax, and investment vehicle available to those that have High Deductible Health Plans (“HDHP”).

• Use an HDHP to reduce health insurance costs.
• Contribute to a Self-Directed HSA for tax deductions.
• HSA funds can be distributed tax-free to pay for qualified medical expenses at any time.
• HSA funds grow tax-deferred just like a Traditional IRA and withdrawals can be made for any purpose at age 65.

Maximize your tax-free investment growth through an HSA-LLC to invest in real estate, private lending, crypto (Bitcoin and all other digital currencies), tax liens & deeds, livestock, precious metals & coins, mortgage notes, private businesses, and many other assets.

For maximum efficiency, you can choose to form a Multi-Member HSA-LLC into which multiple self-directed accounts – IRAs, 401(k)s, and HSAs  – invest. This option can be selected during the checkout process.

What is a High Deductible Health Plan?

A HDHP is health insurance that has both (a) a minimum annual deductible and (b) a maximum annual deductible that meet IRS guidelines. The required limits differ, based on whether the medical insurance plan is Self-Only Coverage or Family Coverage.

The following table shows the minimum annual deductible and maximum annual deductible and other out-of-pocket expenses for HDHPs for 2024.

	Self-only coverage	Family coverage
Minimum annual deductible	$1,600	$3,200
Maximum annual deductible	$8,050	$16,100

What are the 2024 HSA contribution limits?

For 2024:

• If you have self-only HDHP coverage, you can contribute up to  $4,150.
• If you have family HDHP coverage, you can contribute up to  $8,300.
• Those aged 55 and up can make an additional $1,000 annual catch-up contribution.

ReSure LLC will facilitate every aspect of your Checkbook HSA formation and provide guidance on compliant operation and strategy.