Can I Make Additional Contributions to My HSA Above My Employer's Contributions in 2019 for 2018?

Health Savings Accounts (HSAs) are a valuable tool for managing healthcare expenses and saving for the future. If you have an HSA through your employer, you may wonder if you can make additional contributions above what your employer has already contributed. The answer is yes, you can make additional contributions to your HSA in 2019 for the previous year, 2018.

Here's what you need to know:

• Employer Contributions: Your employer may contribute to your HSA, and these contributions are typically considered part of your overall contribution limit for the year.
• Additional Contributions: You can make additional contributions to your HSA beyond what your employer has contributed. These contributions are tax-deductible and can help you save more for healthcare expenses.
• Contribution Limits: For 2018, individuals could contribute up to $3,450 to their HSA, while families could contribute up to $6,900. If you are 55 or older, you could make an additional catch-up contribution of $1,000.
• Rollover Contributions: If you did not max out your HSA contributions for 2018, you may be able to make additional contributions in 2019 to reach the contribution limit for the previous year.

Health Savings Accounts (HSAs) provide an exceptional way to manage your healthcare costs while also providing tax advantages. If you're wondering whether you can contribute more to your HSA beyond your employer's contributions for the 2018 tax year in 2019, the answer is yes! You can indeed add extra funds to your HSA, increasing your savings for medical expenses.