Health Insurance for individuals and Families

Each year the federal government sets the maximum limits for HSAs in three categories:  the maximum contribution, the minimum deductible, and the out-of-pocket maximum. The first number, the maximum contribution, is the most money you can add to your Health Savings Account in one calender year.  This money will not be subject to taxes, as long as you either leave it there, or spend it on approved medical expenses. If you have a remaining balance from the year before it rolls over, and you can contribute your maximum contribution for the new year. This compounded savings stays into your account even after you turn 65. 

2016 HSA Limits

2016 Individuals / Families
Maximum Contribution $3,350 / $6,750
Minimum Deductible $1,300 /  $2,600
Out-of-Pocket Maximum $6,550 / $13,100

2015 HSA Limits

Individuals / Families
Maximum Contribution $3,350 / $6,650
Minimum Deductible $1,300 /  $2,600
Out-of-Pocket Maximum $6,450 / $12,900

See previous years below

2014 HSA Limits

Individuals / Families
Maximum Contribution $3,300 / $6,550
Minimum Deductible $1,250 /  $2,500
Out-of-Pocket Maximum $6,350 / $12,700

 

2013 HSA Limits

Individuals / Families
Maximum Contribution $3,250 / $6,450
Minimum Deductible $1,250 /  $2,500
Out-of-Pocket Maximum $6,250 / $12,500

 

For more information on what you are allowed (and not allowed) to spend it on tax free, check our Qualified HSA Expenses page.