How Much Can Be Put in HSA for 2018?

If you're looking to save on healthcare costs while enjoying tax benefits, a Health Savings Account (HSA) might be the right choice for you. An HSA allows individuals to save money for qualified medical expenses tax-free. But how much can you contribute to your HSA for the year 2018?

For the year 2018, the maximum contribution limits for an HSA are:

• $3,450 for individuals
• $6,900 for families

Additional catch-up contributions can also be made by those aged 55 and older. For 2018, individuals can contribute an extra $1,000, while families can contribute an extra $1,000 as well.

It is important to note that these contribution limits are subject to change each year due to inflation adjustments. It's always a good idea to stay informed about the latest updates to make the most of your HSA benefits.

Are you considering enhancing your healthcare savings strategy? A Health Savings Account (HSA) can be a powerful tool to help you offset medical expenses while enjoying tax benefits. For 2018, the contribution limits are set at $3,450 for individuals and $6,900 for families.