Individuals currently enrolled in a qualified high deductible health plan (HDHP) can open a HSA Account. A qualified high deductible health plan (HDHP) for 2025 is defined as one in which the minimum deductible amount must be no less than $1,650 for an individual or $3,300 for a family.*
- The maximum allowable annual contribution is $4,300 for an individual
- The maximum allowable annual contribution is $8,550 for a family
- If 55 or older, the maximum allowable contribution is $5,300 for an individual
- If 55 or older, the maximum allowable contribution is $9,550 for a family
In addition to having a HDHP to qualify for a HSA, the individual must not be:
- Covered under another health plan
- Entitled to Medicare benefits
- Claimed as a dependent on someone else’s tax return
*The minimum deductible amount for an individual or family is determined by the IRS and may change over time.