What was the 2017 HSA Contribution Limit?

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What an HSA is and why

HSA, short for Health Savings Account, is a tax-advantaged account that allows individuals to save for qualified medical expenses. To promote HSA awareness, it's important to understand the contribution limits set for each year. In 2017, the HSA contribution limit was set at $3,400 for individuals and $6,750 for families.

Contributions to an HSA are tax-deductible, grow tax-free, and can be withdrawn tax-free for qualified medical expenses. Knowing the contribution limits can help individuals plan and maximize their savings while taking advantage of the tax benefits offered by HSAs.

2017 HSA contribution limits overview

In 2017, if you had a Health Savings Account (HSA), you could contribute up to $3,400 as an individual or $6,750 for families, helping you build a financial cushion for medical expenses.