What is the max to put into an HSA family plan in 2018?

Health Savings Accounts (HSAs) are a great way to save money for medical expenses while also getting tax benefits. If you have an HSA family plan in 2018, you might be wondering what the maximum contribution limit is for that year.

In 2018, the maximum contribution limit for an HSA family plan is $6,900. This means that you and your family can contribute up to $6,900 into your HSA account for the year.

It's important to note that this limit is for families. If you have an individual HSA plan, the maximum contribution limit for 2018 is $3,450.

Why Should You Max Out Your HSA Contributions?

There are several benefits to maxing out your HSA contributions:

• You get a tax deduction for the contributions you make to your HSA.
• The money in your HSA grows tax-free.
• You can use the funds in your HSA to pay for qualified medical expenses tax-free.
• If you don't use all the money in your HSA in a given year, it rolls over to the next year.

Additional Information:

• Contributions to an HSA are tax-deductible.
• HSAs are owned by the individual, so the account moves with you even if you change jobs.
• You must have a high-deductible health plan (HDHP) to be eligible for an HSA.

Are you considering how to maximize your Health Savings Account (HSA) contributions? It's vital to know that in 2018, if you have a family plan, you can contribute up to $6,900, providing significant opportunity for tax savings and medical expense coverage.