Core Insights - Health Savings Accounts (HSAs) provide a triple-tax advantage, making medical care more affordable [1][5] - Contribution limits for HSAs are set to increase in 2025 and 2026, with specific amounts for self-only and family coverage [16][17] - Eligibility requirements for contributing to an HSA include being enrolled in a high-deductible health plan (HDHP) and not having a general purpose flexible spending account (FSA) [6][18] HSA Contribution Limits - In 2025, the maximum HSA contribution is $4,300 for self-only coverage and $8,550 for families, with an additional $1,000 catch-up contribution for those aged 55 and older [16] - In 2026, the maximum HSA contribution increases to $4,400 for self-only coverage and $8,750 for families, with the same catch-up contribution allowance [17] HSA Eligibility Requirements - To contribute to an HSA, individuals must be enrolled in an HSA-eligible plan, not have a general purpose FSA, not be enrolled in Medicare, and not be claimed as a dependent [6][18] High-Deductible Health Plans (HDHP) - HDHPs must meet specific deductible and maximum out-of-pocket limit thresholds to be compatible with HSAs [7][9] - Preventive care services are typically covered at no charge before the deductible is met, but other services require out-of-pocket payments until the deductible is reached [8][11] HSA Benefits - HSAs allow for pretax contributions, tax-free growth, and tax-free withdrawals for qualified medical expenses [5] - Unused HSA funds roll over year to year, providing flexibility for future medical expenses [12] Contribution Deadlines - The deadline for HSA contributions for the tax year is April 15 of the following year, allowing individuals to contribute for the previous year until that date [15]