A Health Savings Account (HSA) is a tax-advantaged financial account paired with a qualified high-deductible health plan (HDHP). An HSA may be used to pay for qualified medical expenses tax-free, and to save for the future. Many employers offer employees HSA contributions as part of their healthcare benefits packages.
With an HSA, there is an annual contribution limit adjusted each year by the Internal Revenue Service (IRS). This article outlines the HSA contribution limits, and other HSA guidelines, for 2017.
