What is the Maximum You Can Contribute to an HSA Account?

Health Savings Accounts (HSAs) are a great way to save money for medical expenses while also enjoying tax benefits. One common question that people have about HSAs is: What is the maximum you can contribute to an HSA account?

For 2021, the maximum contribution limits for an HSA account are:

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

It's important to keep in mind that these limits are set by the IRS and may change from year to year.

Contributing the maximum amount to your HSA can provide you with valuable tax advantages and help you save for future healthcare expenses. If you have a high-deductible health plan, consider taking full advantage of your HSA contribution limits.

Understanding the contribution limits for your Health Savings Account (HSA) is crucial for effective financial planning. As of 2021, the IRS has set the maximum contribution limits for HSAs at $3,600 for individuals and $7,200 for families, plus an additional catch-up contribution of $1,000 for those aged 55 and over.