What Deductible Amount Meets Requirements for HSA for 2017?

When considering a Health Savings Account (HSA), it's essential to know what deductible amount meets the requirements for 2017. For an individual to qualify for an HSA, the minimum deductible amount is $1,300, and for a family, it's $2,600. These are the out-of-pocket expense limits that must be met before your insurance starts to pay for covered services.

Contributions to an HSA are tax-deductible, and the funds can be used for qualified medical expenses, making it a valuable tool for managing healthcare costs.

Understanding the deductible amounts for Health Savings Accounts (HSAs) is crucial for effective healthcare management. In 2017, individual plans required a minimum deductible of $1,300 while family plans needed a $2,600 deductible. Meeting these amounts allows you to open an HSA and enjoy tax-free contributions and withdrawals for qualified medical expenses.