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Here are the contribution limits for HSAs in 2024 and 2025, along with other key HSA eligibility requirements. ... A family health care plan must have a minimum annual deductible of $3,300 ($3,200 ...
Qualifying for an HSA (quotes from IRS Publication 969) To be an eligible individual and qualify for an HSA, you must meet the following requirements. You are covered under a high deductible health plan (HDHP), described later, on the first day of the month.
Those with self-only coverage under an HDPD can contribute a maximum of $3,600 to their HSA. Those with family coverage can contribute up to $7,200. If you have an employer-sponsored HSA, your ...
By law, HSA-eligible plans must have a minimum deductible and a maximum out-of-pocket cost for individuals and families. For 2023, HSA-eligible health plans must have:
Discover the key differences between a health savings account (HSA) and a flexible spending account (FSA) to find the best way to save on healthcare expenses.
To qualify for an HDHP in 2023, an individual plan must have a deductible of at least $1,500 and family plans must have a deductible of at least $3,000. [15] An HDHP's total yearly out-of-pocket expenses (including deductibles, copayments, and coinsurance) can't be more than $7,500 for an individual or $15,000 for a family. [ 15 ] (
Eligible events that would allow a change in annual election include a change in marital status, a change in the number of dependents, a change in a spouse's or dependent's employment status, a strike or a lockout, a leave of absence under the Family and Medical Leave Act, a change employment status (same as above), a change in a dependent's ...
The IRS released information on HSA inflation-adjusted amounts for 2025 in August that specify contribution limits of up to $4,300 if you have an individual plan or $8,550 for a family plan.