In 2016, the HSA contribution limit was set at $3,350 for individuals and $6,750 for families. These limits are the maximum amount of money that an individual or family can contribute to their Health Savings Account (HSA) tax-free for that specific year. HSA contributions are a great way for individuals and families to save money for future medical expenses while also enjoying tax benefits. It's important to note that these contribution limits may vary from year to year, so it's essential to stay updated on the current limits to make the most out of your HSA. Additionally, individuals who are 55 or older are allowed to make catch-up contributions of up to an additional $1,000 per year beyond the regular contribution limit.

In 2016, the HSA contribution limit was established at $3,350 for individuals and $6,750 for families, paving the way for smarter financial planning regarding healthcare expenses.