What are the HSA contribution limits?
Eligible individuals may contribute up to 100 percent of their qualified health plan deductible to their HSA on a tax-deductible basis. The maximum annual contribution is $2,650 for individual policies and $5,250 for family policies. Individuals (and their spouses covered under the high-deductible health plan) ages 55 to 65 may make additional “catch-up” tax-deductible contributions to their HSAs to help build a nest egg to save for medical needs in retirement. In 2005, these individuals may make “catch-up” contributions of up to $600. The “catch-up” contribution amount increases annually until it reaches $1,000 in 2009.
