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.
| 2022 | 2021 | 2020 | |
| HSA contribution limit (employee + employer) | Individual only: $3,650 Family: $7,300 | 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) | $1,000 | $1,000 | $1,000 |
| HDHP minimum deductible | Individual only: $1,400 Family: $2,800 | 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: $7,050 Family: $14,100 | 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:
HSA FAQs
IRS Revenue Procedure 2021-25 (HSA and HDHP limits)
