What is HSA Contribution Limit 2018 & How It Impacts Your Healthcare Savings

Health Savings Account (HSA) contribution limits are important to understand when planning your healthcare savings. In 2018, the HSA contribution limit for individuals was $3,450, and for families, it was $6,900.

Contributions to HSAs are tax-deductible and can be used to pay for qualified medical expenses. Any unused funds in your HSA can be rolled over to the next year, making it a valuable tool for saving for future healthcare needs.

Understanding Health Savings Account (HSA) contribution limits is essential for smart financial planning regarding your healthcare expenses. In 2018, the limit for individual contributions was set at $3,450, while families could contribute up to $6,900.

These contributions are not only tax-deductible but can also be used for a variety of qualified medical expenses, which means you can save money while preparing for unexpected healthcare costs.