What Does Health Insurance Deductible Have to Be to Qualify for HSA 2018?

When considering a Health Savings Account (HSA) in 2018, understanding the qualifications is essential. One of the key criteria for eligibility is the health insurance deductible. In order to qualify for an HSA in 2018, the health insurance deductible must meet specific requirements.

In 2018, for an individual to be eligible for an HSA, the health insurance deductible must be at least $1,350 for self-only coverage or $2,700 for family coverage. These deductible amounts are set by the IRS each year and are adjusted for inflation.

The purpose of the deductible threshold is to ensure that individuals with high deductible health plans can take advantage of the tax benefits offered by an HSA. By meeting the minimum deductible requirement, individuals can contribute to their HSA and enjoy tax advantages on their healthcare expenses.

When considering a Health Savings Account (HSA) in 2018, it’s crucial to understand the eligibility criteria, especially the health insurance deductible. For the year 2018, an individual must have a health insurance deductible of at least $1,350 for self-only coverage or $2,700 for family coverage. This requirement allows individuals with high deductible health plans to benefit from the unique tax advantages that an HSA provides.