What Are the 2017 Health Savings Account (HSA) Contribution Limits?

Health Savings Account (HSA) is a valuable tool that allows individuals to save for medical expenses tax-free. As of 2017, there are specific contribution limits set for HSAs that individuals should be aware of.

The 2017 contribution limits for Health Savings Accounts are as follows:

• For individuals: $3,400
• For families: $6,750
• Additional catch-up contribution for those aged 55 and older: $1,000

These limits are important to keep in mind as contributions exceeding these limits may incur penalties. It is crucial to stay informed about the current contribution limits to maximize the benefits of an HSA.




Health Savings Accounts (HSAs) are not just a way to save for future medical expenses; they are also an excellent means to reduce taxable income, especially as of the 2017 contribution limits. For individuals, the HSA contribution was set at $3,400, while families could contribute up to $6,750. Remember, individuals aged 55 and older had the option to make an additional catch-up contribution of $1,000, allowing for greater savings potential.