HSA Contribution Limits

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: $3,600
Family: $7,200
Individual only: $3,550
Family: $7,100
HSA catch-up contributions
(age 55 or older by year end)
HDHP minimum deductible
Individual only: $1,400
Family: $2,800
Individual only: $1,400
Family: $2,800
HDHP maximum out-of-pocket cost (deductibles, copayments, other qualified medical expenses)
Individual only: $7,000
Family: $14,000
Individual only: $6,900
Family: $13,800

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.

Additional Resources:

IRS Revenue Procedure 2020-32 (HSA and HDHP limits)

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