How Much Can You Contribute to HSA for 2017?

Are you curious about how much you can contribute to your HSA for the year 2017? Let's break it down for you.

For 2017, you can contribute up to $3,400 for an individual HSA and up to $6,750 for a family HSA. If you are 55 or older, you can make an additional catch-up contribution of $1,000.

Contributions to your HSA are tax-deductible, grow tax-free, and can be withdrawn tax-free when used for qualified medical expenses. So, it's a great way to save for healthcare costs. If you don't use all the funds in your HSA in a year, the money rolls over to the next year - it's your money that stays with you.

Here's a quick summary of HSA contributions for 2017:

• Individual HSA: Up to $3,400
• Family HSA: Up to $6,750
• Catch-up Contribution (55 or older): $1,000

Wondering how you can maximize your savings in 2017 with a Health Savings Account? You’ll be pleased to know that the limits for contributions can really help you keep your medical expenses manageable.

In 2017, individuals can contribute a maximum of $3,400 to their HSAs, while families can contribute up to $6,750. Don’t forget, if you’re 55 years or older, you have the option to add a catch-up contribution of $1,000, which means more savings for your future healthcare needs.