For 2024, the HSA contribution limit for family coverage is $8,300. So one spouse in this scenario can open an HSA in his or her name and contribute up to the family maximum to that account.

An HSA gets funded with pre-tax dollars, whether you or someone else, like an employer or family member, makes them on your behalf. The money you put in the account is tax-deductible, reducing your ...

The 2025 HSA contribution limits are $4,300 for self-only coverage and $8,550 for family coverage. Contributions to an HSA reduce taxable income, saving money on IRS bills. Those aged 55+ can add ...

Your contributions to an HSA are limited each year. For 2023, you can contribute up to $3,850 if you have self-only coverage or up to $7,750 for family coverage. For 2022, the limits are $3,650 ...

HSAs provide employees with significant advantages, which HR needs to consistently emphasize to help employees manage ...

HSA Contributions & Contribution Limits The contributions and limits shown below assume you are eligible for the HSA all year. If not, the amounts would be prorated. Changing plan tiers midyear (i.e., ...

No HDHP can have an annual out-of-pocket limit higher than $8,300 ($16,600 for family coverage). Although you can keep and make qualified withdrawals from your HSA plan for life, even if you leave ...

Proper education about HSAs can help employees take advantage of the accounts' ability to support both health and financial goals.

But thanks to a secret weapon—my all-time favorite—the Health Savings Account (HSA), there is a way! I absolutely love this ...

The IRS has announced that the minimum deductible for HSA-eligible health plans will increase to $1,600 for employee-only coverage and $3,200 for family coverage in 2024. Learn how to prepare and ...

and $8,550 for those with family coverage. If you're 55 or older, you can make an additional $1,000 catch-up contribution in both 2024 and 2025. You're allowed to contribute to an HSA only if you ...