What is the max HSA contribution for 2018?

Health Savings Accounts (HSAs) are a valuable tool for saving and paying for medical expenses. In 2018, the maximum HSA contribution limit for individuals was $3,450, and for families, it was $6,900. These contribution limits are set by the IRS and can be adjusted annually.

Contributions to an HSA are tax-deductible, meaning that the money you contribute is not subject to federal income tax. Additionally, the funds in your HSA can be invested, allowing them to grow tax-free over time. This makes an HSA a powerful way to save for medical expenses both now and in the future.

Health Savings Accounts (HSAs) are a fantastic financial tool for managing healthcare costs while enjoying tax advantages. In 2018, individuals could contribute up to $3,450, while families had a maximum contribution limit of $6,900. These amounts are subject to yearly adjustments set by the IRS, so it's essential to stay informed about current limits.