What is the 2017 HSA Contribution Limit?

As of 2017, the HSA contribution limits are crucial to understand for those seeking to maximize their healthcare savings. The 2017 HSA contribution limit is the maximum amount individuals or families can contribute to their Health Savings Account during that tax year.

For 2017, the HSA contribution limits were:

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

It's essential to note that these limits include both employer and employee contributions and any contributions made by anyone other than the account holder. Contributions to an HSA are tax-deductible and can provide a triple tax advantage.

Understanding the specific 2017 HSA contribution limits can help individuals and families plan their healthcare savings effectively and take full advantage of the benefits a Health Savings Account offers.

Understanding the 2017 HSA contribution limits is essential for individuals and families aiming to optimize their healthcare savings. By knowing that the limit for individuals was set at $3,400 and for families at $6,750, you can strategically plan your contributions.