Can You Make Additional Contribution to HSA Up to Max?

Yes, you can make additional contributions to your Health Savings Account (HSA) up to the maximum allowed by the IRS. The maximum contribution limits for HSAs are set annually by the IRS and are adjusted for inflation. For 2021, the maximum contribution limits are $3,600 for individuals and $7,200 for family coverage.

Contributions to an HSA can be made by you, your employer, or both. If you're eligible, you can make additional contributions to your HSA outside of what your employer contributes, up to the IRS maximum limits.

It's important to note that contributions to an HSA are tax-deductible, grow tax-free, and withdrawals for qualified medical expenses are also tax-free. This triple tax advantage makes HSAs a powerful tool for saving and paying for healthcare expenses.

Absolutely! If you're looking to boost your savings, you can make additional contributions to your Health Savings Account (HSA) until you hit the maximum limit set by the IRS. For 2023, the contribution limits are $3,850 for individuals and $7,750 for family coverage, so it's a great time to stock up on your healthcare savings.