2027 HSA Contribution Limits and Eligibility

How Much Can You Contribute to a Health Savings Account in 2027?

A Health Savings Account (HSA) can help you save money for qualified healthcare expenses while offering valuable federal tax advantages. If you have an HSA-compatible health plan, understanding annual contribution limits can help you make the most of your savings.

Beginning January 1, 2026, eligible individuals enrolled in Bronze or Catastrophic health plans can contribute to an HSA, provided they meet other IRS eligibility requirements.

Learn more about Health Savings Accounts and HSA-compatible coverage from Fidelis Care.

2027 HSA Contribution Limits

The Internal Revenue Service (IRS) sets annual limits on how much you can contribute to an HSA. For calendar year 2027, the maximum contribution amounts are:

These limits apply to total HSA contributions, including contributions made by you, your employer, or others on your behalf. Your individual contribution limit may be lower depending on your eligibility and the number of months you qualify during the year.

Source: IRS Revenue Procedure 2026-24: 2027 HSA Contribution Limits.

Additional HSA Contributions for Adults Age 55 and Older

If you are age 55 or older by the end of 2027 and are otherwise eligible to contribute to an HSA, you may qualify to make an additional $1,000 catch-up contribution.

• Self-only coverage: Up to $5,500, including the catch-up contribution.
• Family coverage: Up to $10,000, including the catch-up contribution.

If both spouses are age 55 or older and eligible, each spouse must have a separate HSA to make their own catch-up contribution. Medicare enrollment and other eligibility rules may affect contribution limits.

For more information, visit IRS Publication 969: Health Savings Accounts and Other Tax-Favored Health Plans.

Who Is Eligible to Contribute to an HSA?

To contribute to an HSA, you must meet IRS eligibility requirements. Generally, this means:

• You have qualifying HSA-compatible health coverage.
• You do not have other health coverage that disqualifies you from contributing to an HSA.
• You are not enrolled in Medicare.
• You cannot be claimed as a dependent on someone else's tax return.

HSA-Compatible Bronze and Catastrophic Plans

Federal changes effective January 1, 2026, expanded HSA eligibility to qualifying Bronze and Catastrophic health plans. This means eligible members enrolled in these plans may be able to open and contribute to an HSA, even if their plan does not meet the traditional high-deductible health plan requirements.

To learn more about available coverage, explore Qualified Health Plans in New York or visit our HSA Resources page.

For details about the federal eligibility expansion, read the IRS guidance on expanded HSA eligibility.

What Are the Tax Benefits of an HSA?

HSAs offer three important federal tax advantages that can help you save for current and future healthcare costs:

• Tax-advantaged contributions: Eligible contributions may be deductible from federal taxable income, or made through qualifying pretax payroll deductions.
• Tax-free withdrawals: Money withdrawn to pay for qualified medical expenses is generally free from federal income tax.
• Tax-free growth: Interest and investment earnings within an HSA are generally not subject to federal income tax.

Unused HSA funds can carry over from year to year, allowing you to save for future qualified healthcare expenses.

Important: State tax treatment may differ from federal tax treatment. Consult a qualified tax professional about your individual circumstances.

What Can You Use HSA Funds For?

You can generally use HSA funds to pay for qualified medical expenses for yourself, your spouse, and eligible dependents. Examples may include:

• Doctor visits and eligible medical copays
• Prescription medications
• Dental care and certain dental procedures
• Eye exams, prescription eyeglasses, and contact lenses
• Laboratory tests and X-rays
• Hearing aids and other eligible medical equipment

Not all healthcare expenses qualify. Health insurance premiums, for example, generally are not eligible HSA expenses, although certain exceptions apply.

For additional information, review IRS Publication 502: Medical and Dental Expenses.

2027 HSA Frequently Asked Questions

Explore Your Health Coverage Options

Understanding HSA eligibility is just one part of choosing health coverage that meets your needs and budget.

Fidelis Care offers resources to help New Yorkers explore available health insurance options, understand eligibility requirements, and get assistance with enrollment or renewal.

• Explore Ambetter from Fidelis Care Plans in New York to review available Ambetter coverage options and benefits.
• Connect with a Representative to learn more about New York Qualified Health Plans and find coverage that meets your needs.
• Visit our HSA Resources page for information about opening and using a Health Savings Account.
• Get Help Renewing Your Coverage if you are an existing member looking for renewal assistance.

Additional HSA Resources

• IRS: 2027 HSA Contribution Limits (Revenue Procedure 2026-24)
• IRS Publication 969: Health Savings Accounts
• IRS Publication 502: Medical and Dental Expenses
• Fidelis Care: HSA Resources
• Fidelity: Health Savings Accounts – Learn how to open an HSA, manage contributions, and explore available savings and investment options.

This page provides general educational information and is not intended as tax or financial advice. HSA contribution limits and eligibility requirements are established by the IRS and may vary based on individual circumstances.