How Much Can I Put in for HSA? Medicare Starts Nov. 2018

If you've been wondering how much you can contribute to your HSA (Health Savings Account) and are curious about the start date of Medicare in November 2018, you've come to the right place! Let's delve into the details to help you understand better.

Firstly, in 2018, for individuals, the maximum contribution limit for an HSA is $3,450, and for families, it is $6,900. However, for those aged 55 and older, an additional $1,000 in catch-up contributions is allowed.

As for Medicare starting in November 2018, it's essential to note that Medicare enrollment begins three months before you turn 65. Therefore, if your birthday is in November and you are turning 65 in 2018, your Medicare enrollment period would have commenced earlier in the year.

If you're curious about how much you can contribute to your Health Savings Account (HSA) in light of recent updates, let's break it down. In 2023, the maximum contribution limits have increased to $3,850 for individuals and $7,750 for families, offering you more opportunities to save for healthcare expenses.