To determine how much you should contribute to your Health Savings Account (HSA), consider the following: Maximum Contribution Limits for 2025

• Self-only coverage $4,300

• Family coverage $8,550

• Catch-up contribution (age 55 or older): An additional $1,000

Other considerations:

• Financial Viability Contribute the maximum amount allowed by the IRS if you can afford it

• HSA Eligibility To contribute to an HSA, you need to be enrolled in an HSA-eligible health plan

• Employer Contributions If your employer contributes to your HSA, factor that amount into your contribution strategy, as it counts towards the maximum limit

• Tax Benefits Consider contributing as much as possible to take advantage of the tax benefits

. Contributions may be tax-deductible, earnings grow tax-free, and withdrawals for qualified medical expenses are tax-free

• Medical Expenses Save enough in your HSA to cover your anticipated out-of-pocket medical expenses for the year for yourself, your spouse, and eligible dependents

• Partial-Year Eligibility If you become HSA-eligible during the year, you must pro-rate your contribution based on the number of months you were eligible on the first day of the month

. For example, if you had self-only coverage for 10 months of the year, your maximum contribution would be 10/12 of $4,300