How Much Can I Put in HSA 2018?

One common question individuals have about Health Savings Accounts (HSAs) is, how much can I contribute in 2018? The contribution limits for HSAs are set by the IRS each year, so it's essential to stay informed about the current regulations.

In 2018, the maximum annual contribution limit for an HSA is $3,450 for individuals and $6,900 for families. However, if you are 55 or older, you can make an additional catch-up contribution of $1,000, making the total limits $4,450 for individuals and $7,900 for families.

It's important to note that these contribution limits apply to both your own contributions and any contributions made by your employer on your behalf. If both you and your employer contribute to your HSA, the total amount should not exceed the annual limit set by the IRS.

In 2018, individuals looking to maximize their Health Savings Account (HSA) contributions can contribute up to $3,450, while families can set aside as much as $6,900. If you’re 55 or older, remember that you have the option to add an extra $1,000 as a catch-up contribution, allowing you to save a total of $4,450 for individuals and $7,900 for families.