Health Savings Account
Invest in Your Future
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 2025 is $4,300 for individuals and $8,550 for families. Those who are 55 and older can make a maximum $1,000 catch-up contribution additionally each year.
| HSA Contribution Limits 2025 | ||
| Coverage Option | Single Coverage | Family Coverage |
| 2025 Contribution Limit | $4,300 | $8,550 |
| Catch-up contribution for those age 55 and older | $1,000 | $1,000 |
| Annual maximum for individual age 55 and older | $5,300 | $9,550 |
For more information visit Canvas > Life and career > About me > My benefits.