Health Savings Account (HSA) Contribution Limits

health savings account contribution limitsStarting in 2004, Americans with a High Deductible Health Plan are able to contribute to a Health Savings Account (HSA.)

An HSA is triple-tax-advantaged – contributions are tax-deductible, growth is tax-deferred, and withdrawals for medical expenses are tax-free. (There are also some potential FAFSA advantages.)

For 2020, the HSA contribution limit is $3,550 for an individual and $7,100 for a family, with a $1,000 age 55+ catch-up contribution (not age 50+ like for IRAs.) These numbers are $50, $100, and $0 increases over 2019, respectively. Contribution limits are increased each year with inflation.

What is the HSA contribution limit?

YearContribution Limit
SingleFamilyCatch up
2020$3,550$7,100$1,000
2019$3,500$7,000$1,000
2018$3,450$6,900$1,000
2017$3,400$6,750$1,000
2016$3,350$6,750$1,000
2015$3,350$6,650$1,000
2014$3,300$6,550$1,000
2013$3,250$6,450$1,000
2012$3,100$6,250$1,000
2011$3,050$6,150$1,000
2010$3,050$6,150$1,000
2009$3,000$5,950$1,000
2008$2,900$5,800$900
2007$2,850$5,650$800
2006$2,700$5,450$700
2005$2,650$5,250$600
2004$2,600$5,150$500

Data, source.

Submit a Comment

Your email address will not be published. Required fields are marked *