What was the Maximum you Could Put in an HSA Account in 2017?

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2017 HSA contribution limits by coverage

If you are considering opening a Health Savings Account (HSA) or already have one, understanding the contribution limits is crucial. In 2017, the maximum amount that could be contributed to an HSA account depended on whether you had self-only or family coverage.

Here are the contribution limits for 2017:

• For self-only coverage, the maximum contribution was $3,400.
• If you had family coverage, the maximum contribution allowed was $6,750.

Why the limits matter and can change

It's essential to note that these limits are set by the IRS and are subject to change each year. Contributing the maximum allowed amount to your HSA can provide you with significant tax benefits and help you save for future medical expenses.

If you're looking to optimize your healthcare spending, knowing the contribution limits for your Health Savings Account (HSA) from past years is important. In 2017, if you were contributing to an HSA, the limits were established based on your coverage type. For those with self-only coverage, the contribution cap was set at $3,400, while families could contribute up to $6,750. Remember, these limits, determined by the IRS, can fluctuate each year, so staying informed is key!