Health Savings Account
2024-2025 HSA contribution
limits and guidelines

Minimum deductible amounts

$1,600 single plan
$3,200 family plan

$1,650 single plan
$3,300 family plan

Maximum out-of-pocket limits

$8,050 single plan
$16,100 family plan

$8,300 single plan
$16,600 family plan

HSA contribution limits

HSA members can contribute up to the annual maximum amount that is set by the IRS.

$4,150 single coverage
$8,300 family coverage

HSA members can contribute up to the annual maximum amount that is set by the IRS.

$4,300 single coverage
$8,550 family coverage

Catch-up contributions

At age 55, individuals can contribute an additional $1,000.

$5,150 single coverage
$9,300 family coverage

At age 55, individuals can contribute an additional $1,000.

$5,300 single coverage
$9,550 family coverage

Prorated contribution limits

The IRS states that contribution limits must be prorated by the number of months one is eligible to contribute to a health savings account. Divide the contribution limit by 12 and contribute that amount.

The IRS states that contribution limits must be prorated by the number of months one is eligible to contribute to a health savings account. Divide the contribution limit by 12 and contribute that amount.

FSA with grace period terms

A health FSA with a grace period may offer a period of up to 2 months and 15 days after the close of a plan year during which members can incur reimbursable expenses.  This 2-month-and-15-day grace period generally disqualifies those from contributing to an HSA until the first calendar month beginning after the grace period ends (e.g., April 1 in the case of a grace period beginning January 1 and ending March 15) unless the health FSA account balance is $0 at the end of the immediately prior plan year (e.g., as of the previous December 31 for a calendar-year plan), in which case such coverage can be disregarded and the individual is HSA-eligible during the grace period.

A health FSA with a grace period may offer a period of up to 2 months and 15 days after the close of a plan year during which members can incur reimbursable expenses.  This 2-month-and-15-day grace period generally disqualifies those from contributing to an HSA until the first calendar month beginning after the grace period ends (e.g., April 1 in the case of a grace period beginning January 1 and ending March 15) unless the health FSA account balance is $0 at the end of the immediately prior plan year (e.g., as of the previous December 31 for a calendar-year plan), in which case such coverage can be disregarded and the individual is HSA-eligible during the grace period.

IRA to HSA rollover

HSA owners may make a one-time distribution of money from an IRA into an HSA. An individual may only do this if they are already eligible to have an HSA. Funds can only be rolled over once during a lifetime. The maximum rollover amount is the same as the annual HSA contribution limit for that year.

HSA owners may make a one-time distribution of money from an IRA into an HSA. An individual may only do this if they are already eligible to have an HSA. Funds can only be rolled over once during a lifetime. The maximum rollover amount is the same as the annual HSA contribution limit for that year.