How Much Can You Put in Your HSA Account 2018?

If you are looking to maximize your health savings account (HSA) contributions for the year 2018, you'll be pleased to know that there are specific limits set by the IRS that you can contribute.

For individuals, the maximum contribution you can make to your HSA account in 2018 is $3,450. If you have a family HSA plan, the limit is higher at $6,900. However, keep in mind that if you are over the age of 55, you are eligible to contribute an additional $1,000 as a 'catch-up' contribution.

It's important to note that these limits are applicable for the tax year 2018. If you have a high deductible health plan (HDHP) and are considering contributing to your HSA, understanding the contribution limits can help you plan your healthcare expenses more effectively.

Maximizing your health savings account (HSA) contributions not only helps you save on healthcare costs, but it can also provide significant tax advantages. In 2018, individuals can contribute up to $3,450 to their HSA accounts, while families may contribute as much as $6,900, allowing you to create a larger safety net for unexpected healthcare expenses.