How Much Can an Employer Contribute to an HSA for 2018?

Health Savings Accounts (HSAs) are a valuable tool for individuals to save money for medical expenses while enjoying tax benefits. One common question that arises is how much an employer can contribute to an HSA for the year 2018.

For 2018, the maximum contribution an employer can make to an employee's HSA is determined by the IRS guidelines:

• For individuals with self-only coverage, the maximum employer contribution is $3,450.
• For individuals with family coverage, the maximum employer contribution is $6,850.
• For individuals aged 55 and older, there is a catch-up contribution of $1,000 allowed on top of the regular limits.

It is important for employees to be aware of these limits as they plan their healthcare expenses and contributions to their HSA. By understanding the maximum employer contributions, individuals can take full advantage of the benefits offered by an HSA.

Health Savings Accounts (HSAs) empower individuals to save effectively for medical costs while enjoying significant tax advantages. In 2018, many people wondered how much their employers could contribute to these accounts. Understanding these limits is crucial for making informed health care decisions.