Posted on February 18th, 2014

The maximum contribution is based upon $3,250 for singles or  $6,450 for family coveragee.  You can add more if you are age 55 or older. This catch-up provision is $1,000 per year. These are valuable as you can accumulate money for many years in them without a tax. So earnings are tax free inside the plan. Distributions are not taxable if used for medical usage.