How Much Can I Deposit into My HSA in 2018?

Are you looking to maximize your HSA benefits for 2018 but not sure how much you can deposit into your account? Understanding the contribution limits can help you make the most of this tax-advantaged savings tool. In 2018, individuals with self-only coverage under a high deductible health plan (HDHP) can contribute up to $3,450, while those with family coverage can deposit up to $6,900.

If you are 55 or older, you are eligible to contribute an additional $1,000 as a catch-up contribution. It's essential to stay within these limits to avoid tax penalties and make the most of the potential savings and healthcare benefits HSA offers.

Wondering how much you can contribute to your Health Savings Account (HSA) in 2018? As you maximize your HSA benefits, it's crucial to be aware of the contribution limits: individuals with self-only coverage under a high deductible health plan (HDHP) can deposit up to $3,450, while families can contribute up to $6,900. If you’re aged 55 or older, you’re eligible for an extra $1,000 as a catch-up contribution, helping you save even more for future medical expenses.