How Much Can I Put Into My HSA in 2018?

When it comes to your Health Savings Account (HSA), it’s essential to know the contribution limits for each year to make the most of the benefits it offers.

In 2018, for individuals with self-only coverage, the maximum HSA contribution is $3,450. If you have family coverage, you can contribute up to $6,900.

It’s important to note that these limits apply to your total contributions from all sources, including both your own contributions and any contributions made by your employer.

For those aged 55 and older, an additional catch-up contribution of $1,000 is allowed on top of the regular limits. This means an individual with self-only coverage who is 55 or older can contribute up to $4,450, and those with family coverage can contribute up to $7,900.

Understanding the contribution limits for your Health Savings Account (HSA) is crucial for maximizing your savings and healthcare benefits. In 2018, individuals with self-only coverage can contribute a maximum of $3,450, while families with family coverage can contribute up to $6,900.