What is HSA Catch Up through Cigna?

Health Savings Account (HSA) catch-up through Cigna is a valuable benefit that allows account holders to contribute additional funds towards their HSA. This benefit is especially useful for individuals who are 55 years or older and want to boost their retirement savings.

Through the HSA catch-up program, Cigna offers individuals the opportunity to contribute extra funds to their HSA above the regular annual limits set by the IRS. This additional contribution can help account holders ramp up their savings for future healthcare expenses.

Contributing to an HSA catch-up through Cigna can provide numerous advantages, such as:

• Building a larger nest egg for healthcare costs in retirement
• Tax benefits on contributions
• Flexibility in using the funds for qualified medical expenses
• Opportunity to invest and grow the funds tax-free

Health Savings Account (HSA) catch-up through Cigna is a unique feature designed to empower individuals aged 55 and older with the ability to bolster their savings for upcoming healthcare needs during retirement.