What Are the Maximum Contributions to an HSA for 2018?

When it comes to Health Savings Accounts (HSAs), understanding the contribution limits is crucial for maximizing the benefits of this tax-advantaged account. For the year 2018, the maximum contributions to an HSA depend on whether you have self-only coverage or family coverage.

If you have self-only coverage, the maximum HSA contribution for 2018 was $3,450. On the other hand, if you have family coverage, the maximum HSA contribution for 2018 was $6,900.

It's important to note that these contribution limits may change from year to year, so staying updated on the current limits is essential for proper financial planning.

Health Savings Accounts (HSAs) are a fantastic way to save for medical expenses, and understanding the contribution limits for each year can help you make the most of these accounts. For 2018, if you had self-only coverage, you could contribute a maximum of $3,450, while those with family coverage were allowed up to $6,900.