What is the Minimum Deductible of a HDHP for an HSA in 2018?

When it comes to Health Savings Accounts (HSAs) and High Deductible Health Plans (HDHPs), understanding the requirements and rules associated with them is crucial. For the year 2018, the minimum deductible for an HDHP to qualify for an HSA is essential to know.

In 2018, the minimum deductible for an HDHP to be eligible for an HSA is $1,350 for individual coverage and $2,700 for family coverage.

HSAs offer a tax-advantaged way to save for medical expenses while enrolled in an HDHP. Here are some key points to remember about the minimum deductible for an HSA-eligible HDHP in 2018:

• The minimum deductible for an individual HDHP in 2018 is $1,350.
• For family coverage under an HDHP, the minimum deductible in 2018 is $2,700.
• Contributions to an HSA can be made by both the account holder and their employer, and these contributions are tax-deductible.
• Funds in an HSA can be used to pay for qualified medical expenses tax-free.
• Unused HSA funds roll over year after year, making it a valuable long-term savings tool for healthcare costs.

The relationship between Health Savings Accounts (HSAs) and High Deductible Health Plans (HDHPs) is essential for anyone considering healthcare savings. In 2018, the minimum deductible that qualifies an HDHP for an HSA stands at $1,350 for individuals and $2,700 for family coverage, making it important to understand these thresholds.