What is the limit for HSA contributions 2017?

In 2017, the limit for Health Savings Account (HSA) contributions is determined based on whether you have self-only or family coverage. For individuals with self-only coverage, the maximum contribution limit was $3,400, while for those with family coverage, it was $6,750.

One important thing to note is that these limits include both your own contributions and any contributions made by your employer. If you were above the age of 55, you were also eligible to make catch-up contributions, allowing an additional $1,000 contribution on top of the normal limits.

In 2017, individuals who opted for a Health Savings Account (HSA) found that contribution limits varied based on their coverage type. If you had self-only coverage, you could contribute up to $3,400, while family coverage allowed contributions up to $6,750. Additionally, if you were 55 or older, you had the bonus option of making catch-up contributions, allowing you to save an extra $1,000, potentially maximizing your savings for medical expenses.