HSA Guide
Does the $7750 Max HSA Contributions Exclude Employer Contributions?
Published June 21, 2023
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Get the app2021 HSA maximum includes employer amounts
When it comes to contributing to your Health Savings Account (HSA), it's important to understand the maximum limits and how employer contributions factor into it.
The $7750 maximum HSA contribution limit for 2021 applies to both individual and family coverage, and it includes contributions made by both you and your employer.
When tackling your Health Savings Account (HSA) contributions, understanding the relationship between your contributions and your employer's is vital for effective financial planning. The $7750 cap on HSA contributions includes both personal and employer contributions.
How employer contributions affect contribution totals
Employer contributions are generally counted towards the annual maximum limit, so if your employer contributes $1500 to your HSA, you can contribute up to $6250 (if you have individual coverage) or $6250 (if you have family coverage) to reach the total limit of $7750.
It's essential to keep track of the total contributions to ensure you do not exceed the limit, as excess contributions may incur taxes and penalties.