Health Savings Account
2023-2024 HSA contribution
limits and guidelines

Minimum deductible amounts

$1,500 single plan
$3,000 family plan

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

Maximum out-of-pocket limits

$7,500 single plan
$15,000 family plan

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

HSA contribution limits

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

$3,850 single coverage
$7,750 family coverage

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

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

Catch-up contributions

Those 55 and older are allowed by the IRS to contribute an extra $1,000 to their annual maximum amount.

$4,850 single coverage
$8,750 family coverage

Those 55 and older are allowed by the IRS to contribute an extra $1,000 to their annual maximum amount.

$5,150 single coverage
$9,300 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

An FSA offers a grace period to participants of an additional 2 ½ months that can incur claims after the end of a plan year. This 2 ½ month grace period disqualifies those from contributing to an HSA, regardless of when the balance was zeroed.

An FSA offers a grace period to participants of an additional 2 ½ months that can incur claims after the end of a plan year. This 2 ½ month grace period disqualifies those from contributing to an HSA, regardless of when the balance was zeroed.

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.