What is the Maximum 2018 HSA Contribution?

In 2018, the maximum HSA contribution for an individual was $3,450, and for a family, it was $6,900.

Health Savings Accounts (HSAs) are an excellent way to save for medical expenses while reducing your taxable income. Individuals covered by a High Deductible Health Plan (HDHP) are eligible to contribute to an HSA.

Some key points about HSA contributions in 2018:

• Individual contribution limit: $3,450
• Family contribution limit: $6,900
• Individuals aged 55 and older can contribute an additional $1,000 as a catch-up contribution

Contributions to an HSA can be made by the account holder or their employer, and the funds can be used tax-free for qualified medical expenses.

In 2018, the maximum Health Savings Account (HSA) contribution for individuals stood at $3,450, while families could contribute up to $6,900. This allows families to fully embrace the benefits that HSAs provide for medical savings.