How Much Money Can You Put in an HSA Account for 2018?

One common question people have about Health Savings Accounts (HSAs) is the contribution limit for 2018. For individuals with self-only coverage, the maximum contribution allowed is $3,450. If you have family coverage, the limit goes up to $6,900. For those aged 55 and older, an additional $1,000 catch-up contribution is permitted.

It's essential to understand the contribution limits to maximize the benefits of an HSA. By contributing the maximum amount, you can enjoy tax advantages and save for future medical expenses.

Did you know that in 2018, Health Savings Accounts (HSAs) offered individuals with self-only coverage a fantastic opportunity to contribute up to $3,450? If you have family coverage, you're looking at a substantial limit of $6,900. Plus, if you're aged 55 or older, you can make an extra $1,000 catch-up contribution. Make the most of this benefit by understanding how contribution limits can work to your advantage!