Health Savings Accounts (HSAs)
Maximizing health savings
A Health Savings Account (HSA) is a personal, tax-advantaged account designed to help individuals with a qualified High-Deductible Health Plan (HDHP) save for current and future medical expenses. Contributions are made with pre-tax dollars, grow tax-free, and can be withdrawn tax-free for qualified healthcare costs.
Why offer HSAs?
Triple tax advantage - Contributions are tax-deductible, earnings grow tax-free, and withdrawals for qualified expenses are not taxed.
Employee ownership - individuals control how and when to use their funds — even if they change jobs or retire.
2026 HSA contribution and plan limits
Full annual contributions can be made at any time during the year.
| Category | 2026 Limit |
|---|---|
| Contribution (Individual) | $4,400 |
| Contribution (Family) | $8,750 |
| HDHP Minimum Deductible (Individual) | $1,700 |
| HDHP Minimum Deductible (Family) | $3,400 |
| HDHP Maximum Out-of-Pocket Max (Individual) | $8,500 |
| HDHP Maximum Out-of-Pocket Max (Family) | $17,000 |
| Catch-Up Contribution (Age 55+) | $1,000 |
Eligibility & qualified expenses
Must be enrolled in a qualified HDHP
Cannot be enrolled in Medicare or claimed as a dependent
Eligible expenses include doctor visits, prescriptions, dental and vision care, and certain over-the-counter items
Portability & flexibility
HSAs are fully portable and remain with the individual regardless of employment status. They offer a versatile, tax-efficient way to manage healthcare costs — today and into retirement.
Triple tax advantage of HSAs
HSAs vs. FSAs
