What is the maximum contribution to an HSA account for 2017?

If you are considering opening or already have a Health Savings Account (HSA), you may want to know the maximum contribution allowed for the year 2017. An HSA is a tax-advantaged account that allows you to save money for medical expenses. Here is what you need to know about the maximum contribution for an HSA account for 2017:

The maximum contribution limit for an individual with self-only coverage in 2017 was $3,400. For those with family coverage, the maximum contribution limit was $6,750. If you were 55 or older in 2017, you could contribute an additional $1,000 as a catch-up contribution.

Are you curious about the maximum contribution limits for your Health Savings Account (HSA) for the year 2017? Knowing how much you can contribute to your HSA can help you make the most out of your tax-advantaged savings for medical expenses. In 2017, individuals with self-only coverage were allowed to contribute up to $3,400, while those with family coverage had a maximum limit of $6,750. Additionally, if you were 55 or older, you could take advantage of a catch-up contribution of an extra $1,000!