What is the Minimum You Can Put into an HSA Account?

When it comes to contributing to a Health Savings Account (HSA), it's important to understand the rules and limitations surrounding how much you can put into the account. The minimum amount you can contribute to an HSA is determined by the IRS each year.

For 2021, the minimum contribution limit for an HSA is $0. This means that you are not required to contribute any specific amount to open or maintain an HSA account. However, it's beneficial to contribute regularly to take advantage of the tax benefits and save for future healthcare expenses.

Here are some key points to keep in mind about the minimum contributions to an HSA:

• There is no set minimum amount required to open or maintain an HSA.
• Contributions to an HSA are tax-deductible, which can lower your taxable income.
• Any contributions made to an HSA are owned by you and can be rolled over from year to year.
• Contributions can be made by you, your employer, or both, up to the annual contribution limit set by the IRS.

Curious about the minimum you can contribute to a Health Savings Account (HSA)? Good news: the IRS has set the minimum contribution limit at $0 for 2021. This means you can open an HSA without a required initial deposit, giving you the freedom to contribute when you're able.