How Much Can Go in a HSA in 2018?

Are you wondering about the contribution limits for your Health Savings Account (HSA) in 2018? A HSA is a tax-advantaged account that allows individuals to save for medical expenses. Knowing how much you can contribute to your HSA is important for maximizing its benefits. In 2018, the contribution limits for HSAs are as follows:

• For individuals: $3,450
• For families: $6,900
• Additional catch-up contributions for individuals aged 55 and older: $1,000

These limits are set by the IRS and are subject to change each year. It's essential to stay informed about the current limits to make the most of your HSA.

The contribution limits for a Health Savings Account (HSA) in 2018 were designed to provide you with more opportunities for saving on your medical expenses. It's beneficial to understand that for individuals, the maximum contribution was set at $3,450, while families could contribute up to $6,900. Don’t forget, if you’re 55 or older, you’re eligible for an additional catch-up contribution of $1,000, allowing you to save even more for those inevitable healthcare costs.