Health Savings Account

A Health Savings Account is available to those who are enrolled in a high-deductible health plan (Silver and Bronze plans) to make contributions to pay future medical expenses. The balance in a Health Savings Account rolls over from year to year, and can be used in retirement. You can also invest the money in your account once it reaches a certain amount. The maximum you may contribute to a Health Savings Account each year is set by the IRS – the limit for 2026 is $4,400 for individuals and $8,750 for families. Those who are 55 and older can make a maximum $1,000 catch-up contribution additionally each year.