What is the maximum you can contribute to an HSA?

Health Savings Accounts (HSAs) are a great way to save for medical expenses while enjoying certain tax benefits. One common question that comes up about HSAs is, 'What is the maximum you can contribute to an HSA?'

The maximum you can contribute to an HSA in 2021 is:

• $3,600 for individuals
• $7,200 for families
• If you are 55 or older, you can contribute an additional $1,000 as a catch-up contribution

It's important to remember that these contribution limits are set by the IRS and are subject to change each year. Contributing the maximum amount to your HSA can help you maximize your tax savings and build a fund for future medical expenses.

Many people are discovering the benefits of a Health Savings Account (HSA) for their medical expenses, but understanding the contribution limits can be a bit tricky. As of 2021, the maximum contributions you can make are $3,600 for individuals and $7,200 for families. Don't forget that if you’re 55 or older, the IRS allows you to contribute an additional $1,000 as a catch-up contribution!