Maximum HSA Contribution

The coverage type for your High Deductible Health Plan (HDHP).
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Please select a tax year.
If you turn 55 years old (or are already 55 years old or older) in the tax year selected, you are qualified to make an additional catch-up contribution of up to $1,000.
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Please enter the amount others will contribute each year.
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Amount Contributed by others cannot exceed your allowable HSA contribution (based on coverage type and tax year) plus any allowable catch-up.
Calculate my maximum contribution
Your maximum contribution amount equals your allowable HSA contribution (based on coverage type and tax year and any allowable catch-up) less contributions from your employer or other sources.

Account holders who join an HSA eligible health plan on or before the first day of the last month of their tax year (December 1 for most taxpayers) may contribute up to the annual statutory maximum, plus any applicable catch-up contributions. However, if HDHP coverage is not maintained for the entire test period, all or a portion of contributions may be subject to taxes plus a penalty. Click here to learn more

HSA Contribution Details back to top

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Please enter an annual HSA contribution amount. Amount entered should be >= 0.
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This amount is larger than the maximum allowable HSA contribution. Please enter a smaller amount.
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Please enter a percentage between 0% and 99%
Please see page 13 of the Federal Tax Table for more information on tax rates.

Based on your planned HSA contribution amount of $1234.56,

Calculated amounts assume HSA contributions begin on January 1st

HSA Future Value back to top

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Please enter an annual HSA contribution amount. Amount entered should be >= 0.
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This amount is larger than the maximum allowable HSA contribution. Please enter a smaller amount.
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Please enter the amount others will contribute each year.
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Amount Contributed by others cannot exceed your allowable HSA contribution less any amount you plan to contribute each year.
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Please enter the amount you plan to withdraw each year from your HSA.
The dollar amount that you and your family plan to spend on qualified out-of-pocket medical expenses each year.
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Please enter a value greater than or equal to 1.
Your total HSA contributions from all sources.
Total HSA contributions less total medical expenses.
Total HSA contributions less total medical expenses compounded by your Average Rate of Return.
Total Net HSA Contributions plus Total Estimated Earnings on Net HSA Contributions.
Total Net HSA Contributions multiplied by the sum of your federal and state tax rate.
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This HSA calculator is intended to be used as a reference tool only. Your actual maximum contribution, tax savings and future savings may vary depending on a number of factors (such as variations in other payroll taxes, income or medical expenses and changes in state or federal tax laws or regulations.) The content of this communication is not intended as legal or tax advice. Federal and state laws and regulations are subject to change.

Health savings accounts (HSAs) are individual accounts offered through Optum Bank®, Member FDIC, or ConnectYourCare, LLC, an IRS-Designated Non-Bank Custodian of HSAs, each a subsidiary of Optum Financial, Inc. Neither Optum Financial, Inc. nor ConnectYourCare, LLC is a bank or an FDIC insured institution. HSAs are subject to eligibility requirements and restrictions on deposits and withdrawals to avoid IRS penalties. State taxes may apply. Fees may reduce earnings on account.

This communication is not intended as legal or tax advice. Federal and state laws and regulations are subject to change. Please contact a legal or tax professional for advice on eligibility, tax treatment, and restrictions. Please contact your plan administrator with questions about enrollment or plan restrictions.

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