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What is the maximum additional health savings account (HSA) contribution that may be made by a...

What is the maximum additional health savings account (HSA) contribution that may be made by a 60-year-old participant because of age?

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Answer #1

Maximum Additional HSA Contribution which Is Made by 60 year Old = $1000

Explanation

It is an account to cover the qualified medical expense which are over and above HDHPs Coverage limit.

Contribution can made

For 2019- Individual for self= $3500

Individual with Family= $7000

For 2020-Individual for self= $3550

Individual with Family= $7100

There will a additional Contribution for a person who is above 55 years of age and that additional Contribution be $1000.

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