What Is HSA Max for 2021? Exploring the Limits of Health Savings Accounts

Health Savings Accounts (HSAs) have become increasingly popular for individuals looking to save for medical expenses while enjoying tax benefits. One common question that arises is: what is the HSA maximum contribution limit for 2021?

For the year 2021, the maximum annual contribution limit for an HSA is $3,600 for individuals with self-only coverage and $7,200 for those with family coverage. Additionally, individuals who are 55 years or older can contribute an extra $1,000 as a catch-up contribution.

It's important to note that these limits are subject to change each year based on inflation adjustments. Consult with your financial advisor or tax professional to understand the most up-to-date limits for your HSA contributions.

Health Savings Accounts (HSAs) are an excellent way to plan for your medical expenses while also benefiting from tax advantages. In 2021, the maximum contribution limits are set at $3,600 for those with self-only coverage and $7,200 for families. Older individuals can also take advantage of a $1,000 additional catch-up contribution.