Contributions are an integral part of a Florida HSA (after all, the account canýt work unless money is put into it) and should not be overlooked. If you have a high deductible health plan (HDHP) with a health savings account from your employer, your employer may contribute to your account. If your employer does not contribute the maximum amount, or if you have an HSA that is not work-sponsored, you may contribute the difference to your HSA on your own.
For an individual account with coverage beginning on the first day of the year (January 1), the maximum contribution to your HSA is either your planýs deductible or $2600, whichever amount is less. For a family plan beginning at the same time, the maximum contribution is either your planýs deductible or $5150, whichever is less. This reflects the difference between the health care costs and deductible amounts for a single individual and an entire family.
For plans that become effective after the beginning of the year, the contribution limit is determined on a pro-rated basis, according to the number of whole months still covered by the plan (1/12 of the total for each month). For example, if coverage started in October, you would get only 3/12, or ý, of the total amount otherwise allowable.
Please make sure to note that these limits only apply to contributions made to your HSA each year. The total aggregate amount your account has accumulated through investment, interest, or simple savings over the years is unlimited. You are free to keep as much as you want or are fortunate enough not to be required to spend for medical expenses in your account.