How Much Can I Pay Into HSA in 2017?

Are you wondering how much you can contribute to your Health Savings Account (HSA) in 2017? Let's delve into the details!

In 2017, for those with self-only coverage, the maximum contribution limit for an HSA is $3,400. If you have family coverage, you can contribute up to $6,750 to your HSA. Additionally, individuals aged 55 and older can make an additional catch-up contribution of $1,000.

It's important to remember that these contribution limits are set by the IRS and may be subject to change on an annual basis. Contributions to your HSA are typically made on a pre-tax basis, meaning you can lower your taxable income by contributing to your HSA.

HSAs offer a tax-advantaged way to save for qualified medical expenses, both now and in the future. Any unused funds in your HSA can roll over from year to year, unlike a Flexible Spending Account (FSA), which has a

Did you know that in 2017, the maximum contribution limits for your Health Savings Account (HSA) are designed to help you save for your healthcare expenses efficiently? For individuals with self-only coverage, you can set aside up to $3,400, while those with family coverage can contribute as much as $6,750. As an added bonus, if you're 55 or older, you can boost your savings with an additional catch-up contribution of $1,000.