What are the HSA Contribution Limits for 2018?
Like IRAs and 401(k)s, the HSA contribution limits are pegged to inflation and can rise from year to year. And given the fantastic advantages that a health savings account can offer, it's definitely a good idea to max out those contribution limits. So I'm happy to say that the HSA limits for 2018 have gone up compared to the 2017 limits.
A health savings account, or HSA, is a tax-advantaged account designed to be paired with a high deductible health insurance policy. The HSA allows its holder to tuck away the money he may need for medical expenses, and provides a triple tax advantage: HSA owners get a tax break on the money they contribute to the account, the contents of the account are exempt from capital gains and other investment taxes, and any money taken out to pay qualified medical expenses is also not taxed.
There are two different sets of contribution limits for HSAs: one for account holders with self-only coverage (meaning that the high deductible health insurance policy paired with the HSA provides coverage only for the individual holding the account), and another for account holders with family coverage.
Source: Fool.com
