What is the max HSA contribution for 2016?

When it comes to contributing to your Health Savings Account (HSA) in 2016, understanding the limits is essential. The maximum HSA contribution for 2016 depends on whether you have individual or family coverage.

For individuals with self-only coverage, the maximum contribution in 2016 was $3,350. On the other hand, for those with family coverage, the maximum contribution allowed was $6,750.

It's important to note that these contribution limits apply to both your personal contributions and any contributions made by your employer on your behalf.

Understanding the maximum HSA contribution for 2016 is crucial for maximizing your healthcare savings. If you had self-only coverage, the limit was capped at $3,350, whereas family coverage permitted contributions of up to $6,750.