Health Savings Accounts (HSAs) are a great way for individuals and families to save money for medical expenses while enjoying tax benefits. For married couples in 2018, the contribution limits for HSA accounts are determined by several factors including the type of health insurance coverage they have.
For the year 2018, the maximum total contribution allowed for a married couple if both spouses are HSA-eligible is $6,900. This amount is set by the IRS and is a combined limit for both spouses. If only one spouse is HSA-eligible, the maximum contribution allowed is $6,900, as long as the HSA-eligible spouse has family coverage.
It's important to note that these contribution limits may vary from year to year, so it's essential to stay updated with the latest information provided by the IRS to maximize the benefits of an HSA.
In 2018, Health Savings Accounts (HSAs) continue to be an excellent resource for married couples looking to manage their medical expenses efficiently while reaping tax advantages. For those eligible, the maximum contribution for both spouses combined is $6,900, making it easier to save for unforeseen medical costs.
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