What is the contribution amount for 2017 HSA?

Understanding the contribution amount for an HSA can help you maximize your savings and take full advantage of this valuable healthcare tool. For the year 2017, the contribution limits for an HSA are as follows:

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

These limits represent the maximum amount of money you can contribute to your HSA for the year 2017. It's important to note that these limits include both your own contributions and any contributions made by your employer. Additionally, individuals aged 55 and older are eligible to make catch-up contributions of an extra $1,000 per year.

By contributing the maximum amount allowed, you can enjoy tax benefits and build a robust healthcare fund for future medical expenses. Be sure to consult with a financial advisor or tax professional to ensure you are making the most of your HSA contributions.

Maximizing your HSA contributions not only helps you save for medical expenses but also provides significant tax benefits. In 2017, the contribution limits for an HSA are as follows:

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