Health Savings Accounts

What are the HSA deductible contribution limits?

Answer:

HSA holders can choose to save up to $3,250 for an individual and $6,450 for a family (HSA holders 55 and older get to save an extra $1,000 which means $4,250 for an individual and $7,450 for a family) - and these contributions are 100% tax deductible from gross income.
Minimum annual deductibles are $1,250 for self-only coverage or $2,500 for family coverage.
Annual out-of-pocket expenses (deductibles, co-payments and other amounts, but not premiums) cannot exceed $6,250 for self-only coverage and $12,500 for family coverage.
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Answer Provided by: CPAdirectory

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