How Much Can You Put in an HSA Account Per Year?

If you're looking to save for medical expenses while enjoying tax benefits, a Health Savings Account (HSA) can be a great option. But how much can you actually put into an HSA account per year?

For 2021, individuals can contribute up to $3,600 to their HSA account, while families can contribute up to $7,200. If you're 55 or older, you're allowed an additional catch-up contribution of $1,000 per year. These contributions are tax-deductible and can be used to pay for qualified medical expenses.

If you're looking to save for medical expenses while enjoying tax benefits, a Health Savings Account (HSA) is an excellent choice. In 2023, you can contribute up to $3,850 if you're an individual, and $7,750 for families. Additionally, if you’re aged 55 or older, you can make a catch-up contribution of $1,000, making it easier to save for healthcare costs during retirement.