What is the max a family can contribute to HSA for 2018?

If you are considering utilizing a Health Savings Account (HSA) to save for medical expenses, you may be wondering about the contribution limits for families in 2018. A Health Savings Account can be a valuable tool in managing healthcare costs and saving for the future, especially for families who anticipate higher medical expenses. Here's what you need to know about the maximum contribution limits for families to an HSA for the year 2018:

The maximum contribution a family can make to an HSA for 2018 is $6,900. This amount applies to families with High Deductible Health Plans (HDHPs) who are looking to maximize their savings for medical expenses. It's important to note that these contribution limits are set by the IRS and are subject to change each year based on inflation adjustments.

Additionally, HSA contributions can provide tax benefits, as they are tax-deductible and grow tax-free when used for qualified medical expenses. By contributing the maximum allowed amount to an HSA, families can take advantage of these tax benefits and build a financial safety net for medical needs.

In 2018, families can contribute a maximum of $6,900 to their Health Savings Account (HSA), making it a great strategy for managing healthcare costs.