How Much Can You Put in a HSA 2018?

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2018 HSA contribution limits by coverage type

If you're looking to save on medical expenses and taxes, a Health Savings Account (HSA) could be the answer. In 2018, the maximum amount you can contribute to your HSA depends on whether you have self-only coverage or a family plan. For those with self-only coverage, the maximum contribution limit is $3,450. If you have a family plan, you can contribute up to $6,900.

Are you considering a Health Savings Account (HSA) to minimize your medical bills and enjoy tax breaks? In 2018, the contribution limits for HSAs vary depending on your coverage type. If you have self-only coverage, your maximum contribution is $3,450. For those with family plans, you can save even more with a limit of $6,900.

Catch-up contributions for those 55 or older

However, if you are 55 years or older, you can make an additional catch-up contribution of $1,000 to your HSA. This means older individuals with self-only coverage can contribute up to $4,450, while those with a family plan can contribute up to $7,900.

IRS-set limits, tax advantages, future savings

It's important to note that these contribution limits are set by the IRS and are subject to change each year. For 2018, these are the maximum amounts you can put into your HSA. By contributing to your HSA, you can enjoy tax advantages and save for future medical expenses.