How Much Can I
Contribute to an HSA? As with an IRA, the Internal Revenue Service determines tax-deductible contribution levels to HSAs annually. For 2006, the following guidelines apply: - For eligible individual coverage,
the maximum contribution is the lesser of $2,700 or the
HDHP's annual deductible.
- For eligible family coverage, the
maximum contribution is the lesser of $5,450 or the
HDHP's annual deductible.
- For individuals who are 55 or
older, an additional ‘catch-up' contribution of up to $700
is allowed.
- Contributions are pro-rated based
on the number of months of the year a taxpayer is eligible
for an HSA.
- The maximum annual out-of-pocket
amount for HDHP individual coverage is $5,250
- The maximum annual out-of-pocket
amount for HDHP family coverage is $10,500.
- The minimum deductible for
individual coverage HDHPs is $1,050.
- The minimum deductible for family coverage HDHPs is $2,100.
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