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 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
For tax year 2020, you were allowed to contribute the following amounts to an HSA:
- $3,550 for individual health plans
- $7,100 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 2023, the total HSA contributions for both spouses cannot exceed $7,750.
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.