What are the 2018 HSA Maximums? - HSA Awareness Article

If you are curious about the 2018 HSA maximums, you have come to the right place. Health Savings Accounts (HSAs) are valuable financial tools that offer tax advantages for individuals and families to save for medical expenses. Here's a breakdown of the HSA maximum limits for 2018:

• For Self-Only Coverage: $3,450
• For Family Coverage: $6,900
• Catch-Up Contributions (for individuals age 55 and older): Additional $1,000

It's important to keep in mind that these limits are subject to change annually, so it's a good idea to stay informed about the current maximums. By contributing to your HSA, you can save for future medical expenses while reducing your taxable income.

Curious about how Health Savings Accounts (HSAs) can enhance your financial planning? In addition to the 2018 maximums, understanding the benefits of HSAs—such as triple tax advantages—is crucial for optimizing your savings. For 2018, the maximum allowable contribution for self-only coverage stands at $3,450, while families can contribute up to $6,900. Don't forget about the catch-up contributions—individuals aged 55 and older can add an extra $1,000 to their accounts!