To determine how much you should contribute to your Health Savings Account (HSA), consider the following: Maximum Contribution Limits for 2025
- Self-only coverage $4,300
- Family coverage $8,550
- Catch-up contribution (age 55 or older): An additional $1,000
Other considerations:
- Financial Viability Contribute the maximum amount allowed by the IRS if you can afford it
- HSA Eligibility To contribute to an HSA, you need to be enrolled in an HSA-eligible health plan
- Employer Contributions If your employer contributes to your HSA, factor that amount into your contribution strategy, as it counts towards the maximum limit
- Tax Benefits Consider contributing as much as possible to take advantage of the tax benefits
. Contributions may be tax-deductible, earnings grow tax-free, and withdrawals for qualified medical expenses are tax-free
- Medical Expenses Save enough in your HSA to cover your anticipated out-of-pocket medical expenses for the year for yourself, your spouse, and eligible dependents
- Partial-Year Eligibility If you become HSA-eligible during the year, you must pro-rate your contribution based on the number of months you were eligible on the first day of the month
. For example, if you had self-only coverage for 10 months of the year, your maximum contribution would be 10/12 of $4,300
