What is the max contribution to an HSA for 2018?

If you are considering opening or already have a Health Savings Account (HSA), one of the key factors you should be aware of is the maximum contribution limit for 2018.

In 2018, the maximum contribution to an HSA for an individual was $3,450, and for families, it was $6,900. It's essential to note that these limits are subject to change each year, so staying informed is important.

Contributions to an HSA are tax-deductible, grow tax-free, and can be withdrawn tax-free for qualified medical expenses. This makes HSAs a powerful tool for managing healthcare costs and saving for the future.

When it comes to health savings, understanding the maximum contribution limit for your Health Savings Account (HSA) in 2018 can set you on a path to financial wellness. In this year, individuals were allowed to contribute a maximum of $3,450, while families could save up to $6,900. These contributions offer great tax advantages, allowing your savings to grow without being taxed, and withdrawals for qualified medical expenses are also tax-free. How great is that?