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HSA Resource Center
HSA Fast Facts
What is a Health Savings Account (HSA)?
What are the advantages of owning an HSA?
Can an HSA save you money?
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HSA Fast Facts

Health Savings Account Contribution Limits

IRS Requirements for 2018

Single Plan

Family Plan

Minimum Deductible

$1,350

$2,700

Maximum Out-of-Pocket

$6,650

$13,300

Contribution Limit

$3,450

$6,900

Catch-Up Contribution (55 or older)*

$1,000

$1,000

* If a spouse is also 55 or older, a second HSA must be established and a second contribution of $1,000 could be made to that account.

IRS Requirements for 2017

Single Plan

Family Plan

Minimum Deductible

$1,300

$2,600

Maximum Out-of-Pocket

$6,550

$13,100

Contribution Limit

$3,400

$6,750

Catch-Up Contribution (55 or older)*

$1,000

$1,000

* If a spouse is also 55 or older, a second HSA must be established and a second contribution of $1,000 could be made to that account.

HSA plans were introduced by Congress on January 1, 2004

An HSA is a savings account that is paired with a qualified High-Deductible Health Plan to cover eligible medical expenses not covered by the health plan.

Effective, 1/1/2018, a High-Deductible Health Plan (HDHP) satisfies certain requirements with respect to deductibles and out-of-pocket expenses.  A qualified HDHP must have: a minimum annual self-only coverage deductible of $1,350 and a maximum self-only coverage out-of-pocket should be $6,650, or a minimum annual family coverage deductible of $2,700 and a maximum annual family coverage out-of-pocket of $13,300.

No amounts are payable from a HDHP until the family has incurred annual covered medical expenses in excess of the minimum annual deductible.

An individual is ineligible for an HSA if they are also covered by another health plan (individual, spouse, dependent) that is not an HDHP.

HSAs use pre-tax dollars.

HSA funds can grow tax-free in a variety of investment vehicles: Passbook savings, mutual funds, or stocks.
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