What are the 2024 HSA contribution limits?

For 2024, the HSA contribution limit is $4,150 for individual coverage and $8,300 for family coverage. If you're 55 or older, you can contribute an additional $1,000 catch-up contribution. These limits are adjusted annually for inflation.

What makes HSAs so tax-advantaged?

HSAs offer triple tax benefits: contributions are tax-deductible (or pre-tax through payroll), growth is tax-free, and withdrawals for qualified medical expenses are tax-free. After age 65, you can withdraw for any purpose (taxed as ordinary income), making HSAs retirement accounts with medical superpowers.

Should I invest my HSA or keep it in cash?

If you can afford to pay current medical expenses out-of-pocket, invest your HSA for long-term growth. Many people use HSAs as stealth retirement accounts, saving receipts to reimburse themselves decades later tax-free. Keep 1-2 years of deductible in cash, invest the rest.

Biggest Calculator Hub

Tax & WithholdingVerifiedFeb 2026

HSA Calculator

Name: HSA Calculator
Author: Biggest Calculator Hub

Calculate Health Savings Account contribution limits, tax savings, and long-term growth potential for retirement healthcare.

hsa.calculatorready

How to Use the HSA Calculator

This free hsa calculator helps you quickly calculate annual tax savings. Simply enter your values in the fields above and click "Calculate" to see your results instantly.

Understanding Your Results

After entering your information, the calculator will display your results including annual tax savings, your hsa contribution limit, remaining contribution room, future hsa value at retirement. Each result is calculated using standard formulas used by financial professionals and experts in the field.