What is the maximum amount of money you can put in a HSA account?

Health Savings Accounts (HSAs) are a great way to save for medical expenses while enjoying tax benefits. One common question that individuals have about HSAs is the maximum amount of money they can contribute to their account.

For 2021, the maximum contribution limits for HSA accounts are:

• $3,600 for individuals
• $7,200 for families
• Individuals age 55 and older can make an additional catch-up contribution of $1,000

It's important to note that these limits are set by the IRS and may change annually. Contributing the maximum amount to your HSA can help you save more money tax-free for future medical expenses.

Health Savings Accounts (HSAs) not only provide a way to set aside pre-tax money for medical expenses, but they also offer a powerful tool for long-term savings.