How High Must My 2017-18 Deductible Be for an HSA?

When it comes to choosing a Health Savings Account (HSA) plan, one of the key factors to consider is your deductible amount for the year. For the tax year 2017-2018, there are specific deductible requirements in order to qualify for an HSA.

In 2017-2018, for individual coverage, your deductible must be at least $1,300, and for family coverage, it must be at least $2,600 to be eligible for an HSA.

With an HSA, you can contribute pre-tax money to use for qualified medical expenses, making it a smart choice for those looking to save on healthcare costs.

Understanding your deductible is essential when it comes to maximizing the benefits of your Health Savings Account (HSA). For the tax year 2017-2018, you must meet a minimum deductible of $1,300 for individual coverage and $2,600 for family coverage to qualify. This ensures that you can contribute pre-tax dollars towards your healthcare expenses, which can lead to significant savings over time.