HSA Contribution Limits

 

How much can I contribute to my HSA Health Savings Account?

Health Savings Accounts do NOT have a minimum contribution amount, that will be determined by the bank minimums you use for your HSA. But, Health Savings Accounts DO have a maximum amount that you can contribute per year. The number is adjusted each year for medical  inflation.

Click here for US Treasury HSA page.

HSA Contribution Limits:

2017 tax year – $3400 for individuals & $6750 for families

2016 tax year – $3350 for individuals & $6750 for families

2015 tax year – $3350 for individuals & $6650 for families

2014 tax year – $3300 for individuals & $6550 for families

2013 tax year – $3250 for individuals & $6450 for families

2012 tax year – $3100 for individuals & $6250 for families

2011 tax year – $3050 for individuals & $6150 for families

2010 tax year – $3050 for individuals & $6150 for families

2009 tax year – $3000 for individuals & $5950 for families

2008 tax year – $2900 for individuals & $5800 for families

HSA Catch-up Contributions (if over age 55):

  • Up $1000 per person that is over the age of 55.
  • If funding for 2 people, separate HSA accounts in each persons name must be funded.
  • The amount can be pro-rated over the year based on the number of full months after your birthday month. Ex: Born in September, you can contribute for 3 months or 25% of $1000 for a total of a $250 catch-up contribution.
Warning:  DO NOT OVER-CONTRIBUTE to your HSA plan. If in doubt, it is best to UNDER fund your Health Savings Account by contributing 1/12 of your maximum amount each month you own a HDHP health plan. While depositing too much money can be corrected, the tedious penalties and calculation on how much to pull out can make anyone crazy. It may also require you to hire a tax professional which increases the costs for that mistake.