What is the max a family can put into my HSA?

Health Savings Accounts (HSAs) are a great way for individuals and families to save money on medical expenses while also enjoying tax advantages. One common question that people have about HSAs is, 'What is the maximum amount a family can contribute to an HSA?'

For the year 2021, the maximum annual contribution for a family HSA plan is $7,200. This includes both your contributions and any contributions made by your employer.

It's important to note that there may be changes to these limits each year, so it's a good idea to stay informed about any updates from the IRS regarding HSA contribution limits.

By contributing the maximum amount to your HSA, you can enjoy benefits such as tax-deductible contributions, tax-free growth of your savings, and tax-free withdrawals for qualified medical expenses.

Health Savings Accounts (HSAs) are a smart way for families to manage healthcare costs since they come with significant tax advantages. For 2021, families can contribute up to $7,200 to their HSA, which can really help in planning for future medical expenses.