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What is the maximum HSA contribution for a person aged 59?

Published September 27, 2024

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Short answer: Yes—if you are aged 59 or older, you can make a catch-up contribution; for 2021 the maximum is $1,000 on top of the regular limit.

Catch-up contributions for age 59+

If you are aged 59 or older, you have the opportunity to contribute additional funds to your Health Savings Account (HSA) as a catch-up contribution. For the year 2021, the maximum HSA contribution for an individual aged 55 or older is $1,000 on top of the regular contribution limit.

It's essential to maximize this benefit if you are eligible to do so, as it can further boost your healthcare savings for retirement.

If you are aged 59 or older, you can take advantage of a significant opportunity to enhance your Health Savings Account (HSA) contributions. Not only do you benefit from the regular contribution limits, but you can also make a catch-up contribution of an additional $1,000 for the year 2021.

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