How Much Can a Married Couple Contribute to an HSA in 2018?

When it comes to saving for medical expenses, a Health Savings Account (HSA) can be a valuable tool. For married couples looking to maximize their savings through an HSA in 2018, understanding the contribution limits is essential.

In 2018, a married couple can contribute up to $6,900 to an HSA account if both spouses are under 55 years old. This amount is adjusted yearly for inflation, so it's essential to stay informed about any changes.

It's important to note that if one spouse is over 55 years old, they are eligible to make an additional catch-up contribution of $1,000, bringing the total potential contribution to $7,900 for the year.

Contributions to an HSA are tax-deductible, grow tax-free, and can be withdrawn tax-free for qualified medical expenses. This triple tax advantage makes HSAs an attractive option for saving for healthcare costs.

Understanding how much a married couple can contribute to a Health Savings Account (HSA) is crucial for effective financial planning for healthcare expenses. In 2018, couples under 55 can make a combined contribution of $6,900. Staying informed about yearly inflation adjustments helps couples maximize their benefits.