If you have single coverage and were enrolled in an HSA-eligible health plan at the start of the year and your coverage ends on November 30, 2024, for example, you could contribute $3,804.17 as an individual for the year. HSA contribution limits when you are enrolled in an HSA-eligible...
In 2023, the limit is $3,850 for individual filers and $7,750 for families, inclusive of any employer contributions. In 2024, the limit is $4,150 for single filers and $8,300 for families. If you are over 55, you can deposit an additional $1,000 as a catch-up contribution. How...
The last-month ruleallows eligible individuals to make a full contribution for the year, even if they were not a qualified individual for the entire year. Individuals can make the total contribution for the year if: They are eligible individuals on the first day of the last month of their ...
You generally can’t be covered by another healthcare plan and also have a high-deductible plan. But you can contribute to an HSA as a married individual if you’re covered by a high-deductible plan as long as you’re not covered under your spouse’s healthcare plan. ...
You can see the difference between the 2023 and 2024 HSA maximum contribution amounts in the chart below. Contribution Limits for Health Savings Accounts Under HDHPs (*Individual means self-only coverage.) Header Cell - Column 0 20242023Change HSA Contribution Limit Individual: $4,150 Individual:...
You must be enrolled in a HSA-eligible High Deductible Health Plan (HDHP) in order to make contributions to an HSA. In 2022, the minimum deductible is at least $1,400 for an individual and $2,800 for a family plan. For 2023: Must have a minimum deductible of $1,500 for individual...
The 2023 HSA contribution limit for an individual is$4,150.For a family plan, the limit is$8,300. If you are 55 years old or older, you can also contribute up to$1,000in "catch-up" contributions. This is up from $3,850, $7,750, and unchanged from $1,000 in 2023, respectivel...
Contribution limits for HSAs depend on your age and whether you have family or individual only coverage. Contribution limits apply to the calendar year (and tax year). The following limits are for 2022. Type of Coverage2023 Full year contribution limit 2024 Full year contribution limit Individual...
For 2022,the maximum contribution amounts are $3,650 for individual coverage and $7,300 for family coverage.3 For 2023, the maximum amounts are $3,850 for individuals and $7,750 for family coverage.4 You can add up to $1,000 more as a "catch-up" contribution if you are age 55 ...
These amounts change over time due to inflation. For example, 2024’s amounts are an increase from 2023. In 2023, the individual coverage limit was $1,500, and $3,000 for family coverage. The out-of-maximum was $7,500 for individual coverage and $15,000 for family coverage.5 You c...