HSA Guide
What is the HSA Limit for 2018 for a Married Couple Over 60?
Published September 13, 2024
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Health Savings Accounts (HSAs) are a great way to save for medical expenses while enjoying tax benefits. If you are a married couple over the age of 60, you may be wondering what the HSA limit is for 2018.
For 2018, the HSA contribution limit for a married couple, both over the age of 55, is $8,900. This includes a catch-up contribution of $1,000 per person for those aged 55 and older.
It's important to note that HSA contributions are typically made on a pre-tax basis, allowing you to save on taxes while building up funds for medical expenses in the future.
Tax advantages of HSA contributions for seniors
Health Savings Accounts (HSAs) are an incredibly beneficial way for married couples over the age of 60 to save on medical expenses while reaping the rewards of tax advantages. In 2018, if both partners are over 55, they can contribute up to $8,900 to their HSA, including the additional catch-up contributions available for seniors.