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What is the Maximum 2018 HSA Contribution?

Published August 28, 2024

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Short answer: Yes—people covered by a High Deductible Health Plan can contribute to an HSA, and contributions can be used tax-free for qualified medical expenses.

2018 maximum HSA contributions for individuals

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

  • 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

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.

Eligibility and tax benefits of HSAs

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:

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.

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