“Health savings accounts (HSAs) continue to grow in popularity. Data collected by Devenir shows that total HSA assets had reached nearly $147 billion across more than 39 million accounts as of December 31, 2024.
An HSA is a tax-advantaged savings account that allows you to set aside money to pay for qualified medical expenses. Contributions are made with pretax dollars, and the funds can grow tax-free and be withdrawn tax-free when used for eligible healthcare costs.
Before you put money into an HSA, it’s important to understand the contribution limits. While the IRS has increased the limits for 2026, your personal contribution cap will depend on several factors, such as “
