What is the new HSA amount limit for 2018?

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2018 HSA limits for self-only and family

If you're curious about the 2018 Health Savings Account (HSA) contribution limits, you're in the right place. The IRS announced increases for both self-only and family coverage options. For individuals with self-only coverage, the limit is $3,450, and for those with family coverage, the limit is $6,900.

These limits are set annually and can be adjusted based on inflation. HSAs provide a tax-advantaged way to save for qualified medical expenses. You can contribute to your HSA either as an individual or through an employer-sponsored plan, allowing you to build savings for current and future healthcare needs.

Why the 2018 increases matter

If you're curious about the 2018 Health Savings Account (HSA) contribution limits, you're not alone! The IRS has set the limits for both self-only and family coverage options this year. For individuals with self-only coverage, the limit is $3,450, while those who opt for family coverage can contribute up to $6,900. These increases are great news as they encourage more saving for healthcare expenses.