How Much Can I Contribute to My HSA?

Wondering how much you can contribute to your HSA (Health Savings Account)? Let's break it down for you.

For the year 2021:

• Individuals can contribute up to $3,600
• Families can contribute up to $7,200
• If you are 55 or older, you can make an additional catch-up contribution of $1,000

These contributions are tax-deductible and can be used to pay for qualified medical expenses. Plus, any unused funds roll over year after year, unlike a Flexible Spending Account (FSA).

Having an HSA is a smart way to save for medical expenses while enjoying tax benefits. Make sure to take full advantage of the contribution limits!

Wondering about the contribution limits for your Health Savings Account (HSA)? We’ve got you covered! In 2021, individuals can set aside up to $3,600, while families can contribute up to $7,200. Plus, if you’re 55 or older, there’s an extra catch-up contribution of $1,000!

These contributions are not just a way to save; they're also tax-deductible, allowing you to enjoy some fantastic tax benefits! And the best part? Any money that you don’t spend on qualified medical expenses can roll over each year—unlike an FSA, which has a use-it-or-lose-it rule!

With an HSA, you can save smartly for future medical costs. It's essential to make the most of these contribution limits for your overall financial health!