How Much Can I Contribute to an HSA Account in 2018?

When it comes to contributing to a Health Savings Account (HSA), it is essential to be aware of the 2018 contribution limits. For the tax year 2018, the maximum contribution limits for an HSA are different for individuals and families. Understanding these limits can help you maximize the benefits of an HSA while staying compliant with the IRS regulations.

For 2018, the HSA contribution limits are:

• Individual Coverage: $3,450
• Family Coverage: $6,900

It's important to note that these limits include both employer and employee contributions. If you are 55 years or older, you can also make an additional catch-up contribution of $1,000.

When thinking about contributing to a Health Savings Account (HSA), it's important to be informed about the contribution limits set for 2018. This year, the IRS has established specific maximum amounts that individuals and families can contribute to maximize their health savings benefits.

For the year 2018, the contribution limits are as follows:

• If you have individual coverage, you may contribute up to $3,450.
• For family coverage, the maximum contribution is $6,900.

These contribution limits encompass all contributions made by both the employer and the employee. Additionally, individuals aged 55 and older are eligible to contribute an extra $1,000 as a catch-up contribution, allowing them to save even more for their healthcare costs.