Excess contributions are subject to a 6% excise tax for each year they remain in your account. Thousands of products and services that are not featured on that list may also be HSA eligible for qualified customers when the product or service is used to treat, prevent, cure or mitigate a diagnosed chronic condition. According to the IRS, the item must be for a medical purpose, or "to alleviate or prevent a physical or mental disability or illness.” IRS Publication 502 features a (non-exhaustive) list of eligible expenses. Unused HSA funds roll over every year with no expiration date and no cap on how much can accumulate, which means your HSA can function much like an additional retirement account.
An HSA is a tax-advantaged savings account that lets you set aside pretax funds for qualified medical expenses. Ready to unlock your HSA/FSA funds for qualified medical expenses? HSA contribution limits, HDHP thresholds, and catch-up contribution rules are set by the IRS under Internal Revenue Code Section 223 and are subject to annual inflation adjustments and legislative change. You can make contributions that count Unli Slots Casino toward your 2026 HSA limit up until the federal tax filing deadline, typically April 15, 2027.
For more on the accounts, see HSA vs FSA and using your HSA in retirement. HSA contribution limits 2026 come down to $4,400 for self-only coverage and $8,750 for family coverage, plus a $1,000 catch-up if you’re 55 or older. A spouse who’s also 55 or older needs a separate account to make their own catch-up contribution. Once you turn 55, you’re allowed to add an extra $1,000 a year to your HSA on top of the regular limit, and you can keep making it every year after, there’s no upper age cutoff. If both spouses are 55 or older, each can add a separate $1,000 catch-up contribution, but only in their own HSA account, for a household total of $10,750.
Good news, you're on the early-access list. With an HSA, you can pay for qualified medical expenses in a tax-advantaged way. In 2026, you can typically contribute up to $3,400 to an LPFSA—or $6,800 if both you and your spouse have access to one through your respective employers—in addition to your HSA contributions. If you are no longer enrolled in an HSA-eligible health plan during that year, you then must pay income taxes—as well as a 10% penalty—on any excess contributions you made when you file your tax return.