What is the HSA Limit on HSA? - Understanding HSA Contribution Limits

Health Savings Accounts (HSAs) are a great way to save for medical expenses while enjoying tax benefits. One common question people have is: What is the HSA limit on HSA?

The HSA limit refers to the maximum amount of money you can contribute to your HSA in a given year. This limit is set by the IRS and can vary depending on whether you have self-only or family coverage.

For 2021, the HSA contribution limits are as follows:

• Self-only coverage: $3,600
• Family coverage: $7,200

It's important to note that these limits are subject to change, so it's a good idea to stay updated with the latest information from the IRS.

Health Savings Accounts (HSAs) are designed to provide individuals with a tax-advantaged way to save for unavoidable medical expenses, drawing attention to a common query: What exactly is the HSA limit on HSA?