Families who participate in Health Savings Accounts (HSAs) in 2018 have a maximum contribution limit that they can make. This family limit is set to ensure that families can save for their healthcare expenses effectively without exceeding the allowed threshold.
In 2018, the family contribution limit for HSA is $6,900. This means that a family, which includes both the primary account holder and any dependents, can contribute a total of $6,900 towards their HSA account for the year.
It is important for families to be aware of this limit so that they can plan their healthcare savings accordingly. By staying within the contribution limit, families can enjoy the tax advantages that come with HSAs while saving for their medical expenses.
In 2018, families utilizing Health Savings Accounts (HSAs) have the opportunity to maximize their healthcare savings with a contribution limit of $6,900, ensuring that you can effectively tailor your savings strategy while reaping significant tax benefits.
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