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

Health Savings Accounts (HSAs) are a great way to save for medical expenses while enjoying tax benefits. If you have an HSA through your employer, you may wonder how much your employer can contribute to it in 2018.

In 2018, the maximum HSA contribution limits set by the IRS for individuals and families are:

• Individuals: $3,450
• Families: $6,900

These contribution limits include both your contributions and any contributions made by your employer, if applicable.

Employers can contribute to your HSA, and this employer contribution is tax-free. However, the total contributions (individual + employer) cannot exceed the IRS limits mentioned above.

Employer contributions to an employee's HSA count towards the annual contribution limit. If an employer contributes the maximum amount allowed for a family HSA, the employee cannot make additional contributions to their HSA for that year.

It's essential to understand your HSA contribution limits and how much your employer can contribute. Consult with your HR department or benefits provider for specific information regarding your HSA contributions and employer contributions.

Understanding the contribution limits for Health Savings Accounts (HSAs) is essential for maximizing your savings. In 2018, the IRS has set specific caps for contributions, which include contributions from both employees and employers.