What Was the HSA Spending Limit for 2018?

If you’re looking to learn more about HSA spending limits for the year 2018, you’ve come to the right place. Health Savings Accounts (HSAs) are a valuable financial tool that can help individuals save money for medical expenses while taking advantage of tax benefits. In 2018, the HSA spending limit was set by the IRS, governing how much individuals could contribute to their HSA accounts.

For 2018, the HSA spending limit was:

• $3,450 for individuals with self-only coverage
• $6,900 for individuals with family coverage

It’s important to note that these limits are subject to change each year, so it’s crucial to stay updated on the current limits. HSAs offer a flexible and tax-advantaged way to save for healthcare expenses, making them a popular choice for many individuals and families.

Understanding the HSA spending limits for 2018 is essential for maximizing your contributions. In 2018, individuals with self-only coverage could contribute up to $3,450, while those with family coverage had a limit of $6,900. This allows you not just to save for out-of-pocket medical expenses but also to enjoy tax-free growth on your savings over the years.