HSA Contribution Limit for 2017 - What is the maximum contribution?

If you're considering utilizing a Health Savings Account (HSA) for your healthcare expenses in 2017, you may be wondering about the maximum contribution you can make. The HSA contribution limit for 2017 depends on whether you have an individual plan or a family plan.

For 2017, the maximum HSA contribution limits are:

• Individual Plan: $3,400
• Family Plan: $6,750

These contribution limits include both your contributions and any contributions made by your employer. It's important to note that if you're 55 or older, you can make an additional catch-up contribution of $1,000 per year.

Contributing the maximum allowed amount to your HSA can provide you with several benefits, including tax advantages and savings for future medical expenses. As always, it's essential to stay informed about any changes to HSA contribution limits and guidelines to make the most of this valuable healthcare savings tool.

If you're considering a Health Savings Account (HSA) for managing your healthcare expenses in 2017, understanding the contribution limits is crucial. For individual plans, you can contribute a maximum of $3,400, while families can save up to $6,750. Don’t forget, if you’re 55 or older, you’re entitled to an additional catch-up contribution of $1,000 per year, which can significantly boost your savings!