HSA deposit limits
There are strict guidelines for deposits to health savings accounts. Each year these numbers adjust for inflation.
| Year | Individual Self-only | Family/Couple | catch-up deposits (over 55) |
|---|---|---|---|
| 2008 | $2900 | $5850 | $900 |
| 2009 | $3000 | $5950 | $1000 |
For self-only coverage (2009)
You can put up to $3000/year in your health savings account. If you are over 55 years of age, you can put in an additional $1000 per year.
The logic is that people over age 55 have much less time to make deposits than someone who is 35. The rules specify that once you go on Medicare (age 65), you can no longer make deposits into your health savings account. However, you can keep your HSA as long as you like, and make withdrawals over the rest of your life.
For family coverage (2009)
You can deposit up to $5950/year into your health savings account. If the “primary account holder” is over 55, that person can deposit an additional $1000 per year. If the spouse is over 55, that second person must open a separate health savings account. Only the primary account holder—not dependents—can make catch up contributions to that account.
Personal service: We will keep you apprised of the yearly changes to health savings account deposit limits.