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Health savings accounts, or HSAs, have higher contribution limits in 2025, allowing you to save more for health care expenses if you’re using a high-deductible health care plan.
This "catch up" contribution limit was set to $500 for 2004, increasing $100 each year until it reached a maximum of $1,000 in 2009. [20] For 2019, the contribution limit was $3,500 for single or $7,000 for married couples and families. [21] For 2020, the contribution limit is $3,550 for single or $7,100 for married couples and families. [22]
You can use HealthCare.gov to find HSA-eligible plans and websites such as HSASearch to compare HSA providers. HSA contribution limits. ... year. An HSA functions much like a traditional IRA once ...
For 2024, the HSA contribution limit for individual coverage increases to $4,150, and the family plan cap goes up to $8,300. The $1,000 catchup contribution remains the same.
The maximum contribution limits policy holders may make to their HSA in 2024 are $4,150 (individual) and $8,300 (family) [15] with a $1,000 catch-up contribution for people age 55 or older. [ 24 ] Emerging issues
An HSA can be a good idea if you like the idea of a high deductible health plan – it offers tax-free healthcare savings and potential employer contributions, and your funds roll over, so you don ...
First, HSA contribution limits increased by $50 in 2022 for self-only coverage, from $3,600 to $3,650. Folks with family plans can contribute up to $7,300 in 2022, which is $100 up from 2021.
“For the second year in a row the limits on contributions to an HSA have significantly increased compared to previous years, increasing almost 8% for individuals with self-only coverage and 7.1% ...