What Plans are Eligible for HSA 2018?

Health Savings Accounts (HSAs) are a valuable tool for saving and paying for medical expenses. In order to open an HSA, you must be enrolled in a High Deductible Health Plan (HDHP). HDHPs are health insurance plans that have higher deductibles and lower premiums compared to traditional health plans. For the year 2018, the following plans are eligible for an HSA:

• Individual HDHP
• Family HDHP

These plans must meet certain requirements in order to qualify for an HSA, including:

• Minimum Deductible Amount
• Maximum Out-of-Pocket Expenses

It's important to carefully review the specifics of your health plan to ensure it meets the eligibility criteria for an HSA. By contributing to an HSA, you can enjoy tax advantages and save money for future medical expenses.

Health Savings Accounts (HSAs) offer a fantastic way to save money while managing health care costs. To open an HSA, you need to enroll in a High Deductible Health Plan (HDHP), which has higher deductibles and lower premiums compared to traditional plans. In 2018, the eligible plans include:

• Individual HDHP
• Family HDHP

For a plan to be eligible for HSA contributions, it must satisfy certain criteria, including a minimum deductible and maximum out-of-pocket expenses. By understanding these requirements, you can take full advantage of your HSA, which allows tax-free contributions and tax-free withdrawals for qualified medical expenses, turning healthcare expenses into potential savings.