What is the Maximum Contribution Limit for an HSA in 2018?

If you're considering opening a Health Savings Account (HSA), you may be wondering about the maximum contribution limit for 2018. For individuals with self-only coverage, the maximum contribution limit for an HSA in 2018 was $3,450. If you had family coverage, the maximum contribution limit was $6,900.

HSAs provide a tax-advantaged way to save for qualified medical expenses now and in the future. Understanding the contribution limits is crucial for making the most of these accounts and planning your healthcare expenses effectively.

If you're exploring the idea of opening a Health Savings Account (HSA), you're likely curious about the contribution limits. For the year 2018, individuals with self-only coverage could contribute up to $3,450 to their HSA, while those with family coverage had a higher limit of $6,900. This makes HSAs a great option for anyone looking to save money on healthcare costs.