What is the Maximum Contribution I Can Make to an HSA?

If you are considering opening or already have a Health Savings Account (HSA), you may wonder what the maximum contribution limit is each year. This limit varies depending on your individual situation and the year in question.

For 2021, the maximum contribution limits for an HSA are $3,600 for individuals and $7,200 for family coverage. These limits are set by the IRS and are subject to change each year based on inflation adjustments.

It's important to note that if you are 55 or older, you are eligible to make an additional catch-up contribution of $1,000 per year. This means that individuals aged 55 and above can contribute up to $4,600, and those with family coverage can contribute up to $8,200.

Contributions to an HSA are tax-deductible, grow tax-free, and can be withdrawn tax-free for qualified medical expenses. The funds in your HSA roll over year after year, so there is no

Wondering about the maximum contribution limit for your Health Savings Account (HSA)? For 2021, individuals can contribute up to $3,600, while families can contribute up to $7,200. Don’t forget that individuals who are 55 and older can add an extra $1,000, allowing them to contribute a total of $4,600.