What is the Maximum Contribution to an HSA for 2017?

If you are considering opening and contributing to a Health Savings Account (HSA), it's essential to know the maximum contribution limit for 2017. An HSA is a tax-advantaged account that allows individuals to save money for medical expenses. Understanding the contribution limits helps you make informed decisions about saving for healthcare costs.

The maximum contribution to an HSA for 2017 varies depending on whether you have self-only or family coverage:
• For self-only coverage, the maximum contribution limit was $3,400.
• For family coverage, the maximum contribution limit was $6,750.

It's important to note that these contribution limits are set by the IRS and can change annually. By staying informed about the contribution limits, you can maximize the benefits of your HSA and ensure you are saving efficiently for healthcare expenses.

In 2017, individuals could contribute a maximum of $3,400 to their Health Savings Account (HSA), while those with family coverage could contribute up to $6,750. These contribution limits help you maximize your savings for medical expenses, making HSAs a smart choice for healthcare planning.