How much can I contribute to my HSA?
The maximum yearly contribution for individuals is $2,850 and $5,650 for families. It is not required that you deposit the maximum amount into your HSA each year, although a small minimum monthly contribution is required by some HSAs. An important fact to remember for those between the ages of 55 and 65 is that you have been afforded a special eligibility to deposit up to $800 more than the maximum annual contribution as a way of “catching up,” since HSAs were not available until recently.
Health Savings Account (HSA) FAQs
- Can I roll over funds from other accounts into my HSA?
- How can I utilize my HSA funds?
- How do I begin this process?
- How do I know my money safe?
- How does an HSA help me save on taxes?
- How much can I contribute to my HSA?
- What are my extra costs if I choose an HSA?
- What are qualified medical expenses?
- What is a Health Savings Account (HSA)?
- What is an HSA-eligible insurance plan?
- Where can I invest my HSA funds?
- Why should I consider getting an HSA?