How much can I put in a HSA for 2018?

As you plan for your health savings in 2018, one option you may consider is contributing to a Health Savings Account (HSA). An HSA offers tax advantages and can help you save for medical expenses. But how much can you actually put in your HSA for the year?

For 2018, the contribution limits for HSAs are as follows:

• Individuals: You can contribute up to $3,450
• Family: Families can contribute up to $6,900
• If you are 55 or older: You can make an additional catch-up contribution of $1,000 per year

It's important to note that these limits are set by the IRS and may change from year to year. Contributing to your HSA up to these limits can help you maximize your tax benefits and save for future medical expenses.

As you plan for your health savings in 2018, contributing to a Health Savings Account (HSA) is a smart financial move. With enticing tax advantages, HSAs not only allow you to save for future medical expenses but also grow your savings over time due to tax-free interest earnings.