Health Savings Accounts
First things first. In order to qualify to open a health savings account, you must have only one health insurance plan—and that plan must be a QHDHP (Qualified High Deductible Health Plan). You cannot open an account without it, and you cannot open an account if your health plan meets the deductible requirements but is not a “qualified” plan.
If your health plan covers at least one other family member, you can contribute up to the family amount. However, if you and your spouse each have separate QHDHPs, then you should maintain separate HSAs. Make sure the account is set up correctly. Once it's established, you can use your HSA funds for your spouse and children—even if they’re not covered under your health plan. For example, your spouse could have full coverage through their employer, and you could still use your HSA to pay their office copays. You can also use HSA funds for dental, vision, and a whole laundry list of qualified medical expenses.
2025 HSA Contribution Limits
- Family HSA - $8,300
- Individual HSA - $4,300
If you are 55 or older, you can contribute an additional $1,000 to your HSA under the “catch-up” provision.
HSA Options
You have many banks to choose from when opening an HSA, but we find Lively offers great options for most users. If you maintain a balance of at least $3,000, there should be no monthly fee. Of course, feel free to open your account with any institution—including your local bank.
It will cost you the same no matter where you buy your QHDHP, so when you make your decision, please support our site and make your purchase here. Thank you!
Search For QHDHP By State
Choose Your State
Use the drop-down menu to choose your state of residence—which is the state you must buy your insurance from.
Other Options...
While you are waiting for health insurance to kick in, you can get temporary health insurance that can start as early as tonight.