What is the max you contribute to HSA 2018?

If you are looking to save on healthcare expenses while enjoying tax benefits, a Health Savings Account (HSA) could be the ideal solution for you. In 2018, the maximum contribution limit to an HSA depends on your type of health coverage. For individuals with self-only coverage, the maximum contribution was $3,450, and for those with family coverage, the limit was $6,900.

Contributions to an HSA can be made by you, your employer, or both. If you are 55 or older, you may be eligible for catch-up contributions, allowing you to contribute an additional $1,000 over the regular limit. It's important to keep track of your contributions to ensure you do not exceed the annual limit, as there may be penalties for over-contribution.

By contributing to an HSA, you can enjoy benefits such as tax-deductible contributions, tax-deferred growth, and tax-free withdrawals for qualified medical expenses. HSAs offer flexibility, as the funds roll over each year and can be used for future healthcare needs.

If you're aiming to save on healthcare costs while maximizing your tax benefits, a Health Savings Account (HSA) is a powerful tool in your financial arsenal. In 2018, the maximum amount you could contribute to an HSA was determined by your health coverage type: $3,450 for individual self-only coverage and $6,900 for family coverage.