What is the Max a Family Can Put in an HSA in 2018?

Health Savings Accounts (HSAs) are a valuable tool for managing healthcare costs. They offer tax advantages and the flexibility to save for medical expenses. Many individuals and families benefit from contributing to an HSA each year. So, what is the maximum amount a family can contribute to an HSA in 2018?

In 2018, the maximum contribution limit for families with HSA-eligible high deductible health plans (HDHP) is $6,900. This means that if you're enrolled in a family HDHP, you can contribute up to $6,900 to your HSA for the year.

It's important to note that contribution limits can change each year, so it's essential to stay informed about the current limits. Contributions to an HSA are tax-deductible, and the funds grow tax-free as long as they are used for qualified medical expenses.

When planning your healthcare expenses, understanding your Health Savings Account (HSA) can make a big difference. For families enrolled in HSA-eligible high deductible health plans (HDHP), the maximum contribution limit in 2018 is $6,900. This provides an excellent opportunity to save for medical costs while enjoying tax advantages. Remember, contributions not only reduce your taxable income but also allow your savings to grow tax-free as long as they're used for qualified medical expenses.