What is Considered a High Deductible for HSA 2018?

When it comes to Health Savings Accounts (HSAs), understanding what qualifies as a high deductible is crucial for maximizing the benefits of this financial tool. In 2018, for an individual to qualify for an HSA, the minimum deductible must be at least $1,350, while for a family, it should be $2,700 or more.

Having a high deductible means that you bear a larger portion of your healthcare expenses before insurance kicks in, but it also allows you to save on premiums and enjoy tax advantages through an HSA.

It's important to note that the maximum out-of-pocket expenses for 2018 are $6,650 for individuals and $13,300 for families. Any HSA-qualified insurance plan falling within these deductible and out-of-pocket ranges is considered high deductible and is eligible for HSA contributions.

To fully leverage the benefits of a Health Savings Account (HSA), understanding what constitutes a high deductible is essential. In 2018, an individual must have a minimum deductible of $1,350, while families must meet a minimum deductible of $2,700 to be eligible for HSA contributions.