What is the Contribution Limit for an HSA?

Health Savings Accounts (HSAs) are a valuable tool for saving money on medical expenses while enjoying tax benefits. When it comes to contributing to your HSA, there are limits set by the IRS each year to prevent over-funding. So, what is the contribution limit for an HSA?

For 2021, the contribution limits are:

• Individual coverage: $3,600
• Family coverage: $7,200

It's important to note that these limits can change annually, so it's crucial to stay informed about the current limits to maximize the benefits of your HSA.

Did you know that Health Savings Accounts (HSAs) not only help you save on medical expenses but also offer amazing tax benefits? In 2021, the IRS contribution limits are $3,600 for individuals and $7,200 for families. Staying updated annually can help you optimize your savings!