HSA Contributions for Individuals Turning 55 in 2018

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Catch-up contributions for turning 55 in 2018

If you turned 55 in 2018, you had the opportunity to make catch-up contributions to your HSA. The additional catch-up contribution allowed for individuals once they reach the age of 55, is $1,000 over the standard annual contribution limit.

If you turned 55 in 2018, congratulations! You were eligible for catch-up contributions to your Health Savings Account (HSA), which allows you to save even more for future medical expenses. In 2018, those allowed an extra $1,000 on top of the standard contribution limits.

2018 HSA limits and catch-up totals

In 2018, the annual HSA contribution limits were:

• $3,450 for individuals
• $6,850 for families

For those who turned 55 in 2018, the contribution limits including the catch-up contribution were:

• $4,450 for individuals
• $7,850 for families

Why you should check annual HSA updates

It's important to note that HSA contribution limits may change annually, so it's advisable to stay informed about any updates for the current year.