Contribution Limits

The maximum amount you are allowed to deposit when keeping health savings accounts (HSA) in any given calendar year depends on the type of insurance coverage you have and your deductible amount. Your annual contribution cannot exceed your deductible amount. For example, if you have a single-person high deductible health plan (HDHP) with a $1,000 deductible, you can deposit a maximum of $1,000 for the calendar year. If you want to save more, you need to increase your deductible. For those with single-person coverage, the most you can deposit in a calendar year is $2,700. If you have family coverage, the most you can deposit in a calendar year is $5,450. These amounts will increase annually to account for inflation. There is also a "catch up" feature for people 55 years and older that allows them to deposit additional amounts each calendar year. For 2006, that amount is $700. By 2009, it will max out at $1,000 per year. For married couples where both spouses are 55 years or older, each spouse must have their own HSA in order to double up on the catch-up contributions.