How Much Can I Contribute to My HSA in 2018 If My Husband Pays for My Child's Insurance Plan?

When it comes to contributing to your Health Savings Account (HSA) in 2018, the contribution limit is not dependent on who pays for your child's insurance plan. The HSA contribution limits are set by the IRS each year and apply to individual accounts regardless of who the insurance premiums cover.

For 2018, if you have self-only coverage in a High Deductible Health Plan (HDHP), the maximum you can contribute to your HSA is $3,450. If you have family coverage in an HDHP, the limit is $6,900. These limits include both your contributions and any contributions made by your employer.

If you are 55 or older, you can make an additional catch-up contribution of $1,000. It's important to note that these limits are for the total contributions made to your HSA for the year, regardless of who pays for your child's insurance.

When thinking about your Health Savings Account (HSA) for 2018, it's crucial to understand that the IRS sets specific contribution limits that are not influenced by who is responsible for your child's insurance. This means that whether your husband pays for your child's insurance or not, your HSA contribution limits remain the same.