What is the contribution limit percentage for family coverage under an MSA?

The contribution limit percentage for family coverage under a Medical Savings Account (MSA) is indeed 75%. MSAs are designed to help individuals save for medical expenses while providing them with the flexibility of high-deductible health plans. The MSA allows contributions to be made by individuals, employers, or both, up to a specified limit.

For family coverage, the contributions are capped at 75% of the annual deductible, which encourages families to be mindful of their healthcare spending and to save for unexpected medical expenses. Understanding this limit is crucial for ensuring compliance with tax regulations and for maximizing the benefits of an MSA in managing healthcare costs. It's important for individuals to be aware of these contribution limits to make informed decisions regarding their health savings strategies.