Q:

Where can you find a list of HSA contribution rules?

A:

Quick Answer

Rules for Health Savings Account (HSA) contributions are covered in IRS Publication 969, Health Savings Accounts and Other Tax-Favored Health Plans. Rules cover who is allowed to make contributions, monetary limits, and eligibility time spans.

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Full Answer

Eligible employed workers are allowed to contribute to their HSAs, as are their employers. Other individuals, such as family members, are also permitted to contribute to accounts. Unemployed or self-employed people pay into their own HSAs.

Contribution limits depend upon who is part of the worker's high-deductible health plan. People with family coverage have permission to add more money than those with individual policies. In addition, if a high-deductible health plan is in place by the first day of the last month of the tax year, a worker is allowed to make a full year's contribution.

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