Health Savings Accounts (HSAs) are fantastic tools for families to save for medical expenses while enjoying tax benefits. In 2018, the contribution limits for HSAs were set by the IRS. For families, the maximum total contribution for the year 2018 was $6,900 if they had high deductible health insurance coverage.
It's important for families to take full advantage of these contribution limits to maximize their healthcare savings and potential tax savings. By contributing the maximum allowed amount to their HSA, families can ensure they are better prepared for any unexpected medical expenses that may arise.
In 2018, families enjoyed the benefits of Health Savings Accounts (HSAs), which allowed for maximum contributions up to $6,900 if they had a high deductible health insurance plan. This is a great opportunity to save for medical expenses while taking advantage of tax benefits that come with HSAs.
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