The IRS sets Health Savings Account (HSA) contribution limits, and they typically rise from year to year to reflect cost-of-living adjustments.
Some employers even contribute or match funds you contribute into an HSA.
HSA contribution limits & HDHPs
This table shows the HSA contribution limit for each calendar year. It also provides the minimum deductible and maximum out-of-pocket cost for HSA-eligible High-Deductible Health Plans (HDHPs) as defined by the IRS.
Because of the saving advantages of an HSA, and its ability to rollover from year to year, it's a good idea to max out the contribution limits if you're able. Note that HSA owners who will turn 55 by year-end (or are older) can contribute an additional $1,000 "catch up" amount per plan year.
|HSA contribution limit|
(employee + employer)
|Individual only: $3,500|
|Individual only: $3,450|
|Individual only: $3,400|
|HSA catch-up contributions|
(age 55 or older by year end)
|HDHP minimum deductible||Individual only: $1,350|
|Individual only: $1,350|
|Individual only: $1,300|
|HDHP maximum out-of-pocket cost (deductibles, copayments, other qualified medical expenses)||Individual only: $6,750|
|Individual only: $6,650|
|Individual only: $6,550|
You cannot contribute to an HSA and a health FSA at the same time. See HSA and FSA in the Same Year.
An HSA is in an individual account holder's name
There is no such thing as a joint HSA—even when the plan provides family coverage. Keep this in mind if one, or both, spouses are eligible to contribute an additional $1,000 "catch up" amount. For example:
- If just the husband will turn 55 by year-end (or older) and the wife contributes the full family contribution limit to the HSA in her name, the husband must open a separate account for the additional $1,000.
- If both spouses will turn 55 by year-end (or older), they must have two separate HSA accounts, so they can each contribute an additional $1,000 "catch up" amount.
Can my spouse or family member contribute to my HSA?
Yes. Family members can make contributions on behalf of other family members. Just make sure the total funds put into the account (by you, your employer, and family) do not exceed the annual contribution limit.
What happens to my HSA if I no longer have a HDHP?
Even if you no longer have a high-deductible health plan (HDHP), you can still use your HSA account to pay for qualified medical expenses. However, you can no longer contribute to your HSA.
Revenue Procedure 2018-30 (HSA and HDHP limits)
Last updated 12/10/18