How Much Can I Put Into HSA 2018? Understanding Your HSA Contribution Limit

Health Savings Accounts (HSAs) are a great way to save money for medical expenses while enjoying tax benefits. If you're wondering how much you can contribute to your HSA in 2018, we've got you covered!

For individuals with self-only coverage under a High Deductible Health Plan (HDHP), the maximum contribution limit for 2018 is $3,450. If you have family coverage under an HDHP, the limit is $6,900.

However, there are certain conditions that may allow you to contribute more. For example, if you are 55 or older, you are eligible for an additional catch-up contribution of $1,000. Additionally, if you have a partial year of HDHP coverage, your contribution limit is prorated based on the number of months you had HDHP coverage.

It's important to note that these contribution limits are set by the IRS and may change each year. Make sure to stay informed about any updates to ensure you are maximizing your HSA contributions.

Health Savings Accounts (HSAs) are a fantastic way to set aside money for medical expenses while reaping significant tax benefits. If you're curious about how much you can contribute to your HSA for the year 2018, you've come to the right place! In 2018, the contribution limit for individuals with self-only coverage under a High Deductible Health Plan (HDHP) is capped at $3,450. Meanwhile, if you have family coverage, you can contribute a maximum of $6,900.