What is the Maximum HSA Contribution for Family for 2018?

If you are considering opening a Health Savings Account (HSA) for your family, one of the key factors to consider is the maximum contribution limit for the year. For the year 2018, the maximum HSA contribution for a family is $6,900. This means that you can contribute up to $6,900 to your family HSA account for the year 2018. It's important to note that this limit applies to families with HSA-eligible high deductible health plans.

Contributing the maximum amount to your HSA can offer numerous benefits, including tax advantages and the ability to save for future medical expenses. By maximizing your HSA contributions, you can take advantage of the following:

• Tax-deductible contributions
• Tax-free growth
• Tax-free withdrawals for qualified medical expenses

When you explore the idea of opening a Health Savings Account (HSA) for your family, understanding the maximum contribution limit is vital. For the year 2018, families can contribute up to $6,900 to their HSA account, provided they have an HSA-eligible high deductible health plan. This limit is designed to accommodate the growing healthcare expenses that families face.