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WoodTrust.com > Consumer Banking > Health Savings Accounts
 
HSA Contributions

Individuals can make a contribution to an HSA each year they are eligible. For 2008, contributions can be up to $2,900* if self-only coverage and $5,800* if family coverage.

  HDHP Deductible Maximum HSA Deposit (2008)
Single Coverage $1,100 $2,900
$1,500 $2,900
$2,000 $2,900
$2,500 $2,900
$3,000 $2,900
 
Family Coverage $2,200 $5,800
$3,000 $5,800
$4,000 $5,800
$5,000 $5,800
$6,000 $5,800


Individuals age 55 and older can also make additional “catch-up” contributions. The maximum annual catch-up contribution is as follows:
          2008 - $900
          2009 and after - $1,000


* 2008 amounts; adjusted annually for inflation

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