Health Savings Account (HSA) for Employers

The total amount you or your employer may contribute to an HSA for any taxable year depends on whether you have individual or family coverage under a high-deductible health plan.

2026 HSA Contribution Limits: Self Only: $4,400; Family: $8,750. If you are 55 or older, add the catch-up contribution — standard annual limit plus $1,000.

As always, employer contributions count toward this total annual limit, and you must be enrolled in an HSA-eligible high-deductible health plan (HDHP) for the coverage type (self-only or family) you use.

Self-employed people may have an HSA. Self-employed individuals are often perfect candidates for an HSA. HSAs are ideal for the self-employed for the following reasons: Often, High-deductible insurance plans contain significant premium costs, and HSAs can be a useful cost management resource for the employer. The employer is protected from substantial healthcare expenses. The HSA may provide for both retirement and medical expenses.

Control - Your employees have control of their money. They decide whether to save it or use it for medical expenses. They can also choose which expenses to pay from the account.

Flexibility - HSA funds can be used for a wide range of healthcare-related expenses not typically covered by other health care accounts, such as purchasing long-term care insurance.

Easy payment tracking - A Mastercard HSA debit card makes payment easy, and spending can be tracked via secure online banking or mobile app.

Ownership - The money your employees save will remain with them regardless of employment status. An HSA is a lifetime account that is not tied to any one health plan or employer.