A self-only high deductible health plan (HDHP) is for the individual only. A family HDHP is for the individual and at least one other person.
How much can I contribute?
For tax year 2024, you are allowed to contribute the following amounts to an HSA:
- $4,150 for individual health plans
- $8,300 for family health plans
For tax year 2023, you are allowed to contribute the following amounts to an HSA:
- $3,850 for individual health plans
- $7,750 for family health plans
For tax year 2022, you are allowed to contribute the following amounts to an HSA:
- $3,650 for individual health plans
- $7,300 for family health plans
For tax year 2021, you were allowed to contribute the following amounts to an HSA:
- $3,600 for individual health plans
- $7,200 for family health plans
If enrolled in an HSA-eligible HDHP, and you are age 55 at any time in the calendar year, catch up contributions of $1,000 are permitted.
Family HSA Contribution - Two HSA Accounts
Both the taxpayer and spouse are covered under the taxpayer's high-deductible health plan . The spouse decides they would like to take advantage of his/her employer’s HSA contributions and opens an HSA of their own. For tax year 2024, the total HSA contributions for both spouses cannot exceed $8,300.
Family HSA Contribution - One HSA Account
One taxpayer elects not to open an HSA account. Other taxpayer will contribute the entire amount into the HSA account.
What if we have both a family plan and a self-only plan?
Both HSA entries need to contain the amounts from both forms added together. This includes distributions, contributions, and adjustments (if any).
Indicate 'Family Plan' on both forms. On one of the family plan entries, indicate that the taxpayer and spouse had separate HSAs This will let the program know to only use this family plan entry to calculate the allowable deduction.