How Much Can I Put in My HSA per Year 2017?

Are you considering opening a Health Savings Account (HSA) and wondering how much you can contribute per year in 2017? Let's dive into this important question that can help you make the most of your healthcare savings:

For the year 2017, the maximum contribution limits for HSA accounts are:

• Individual Coverage: $3,400
• Family Coverage: $6,750

These limits include both your contributions and any contributions made by your employer. If you are 55 or older, you may be eligible to make an additional catch-up contribution of $1,000 per year.

It's essential to remember that these contribution limits are set each year by the IRS and may change annually. Be sure to check for the most up-to-date limits when planning your HSA contributions.

Are you contemplating opening a Health Savings Account (HSA) and curious about the contribution limits for 2017? Understanding how much you can contribute each year is crucial for maximizing your healthcare savings.

In 2017, the IRS set the following contribution limits for HSAs:

• For individuals with coverage: a maximum of $3,400
• For families with family coverage: a limit of $6,750

This means that all contributions, whether from you or your employer, must stay within these thresholds. If you are age 55 or older, you have the added benefit of making a catch-up contribution of $1,000 each year, increasing your savings potential.

It's vital to keep in mind that these limits are updated annually by the IRS, so always verify the current limits for optimal planning.