https://email@example.com 0 0 Rebecca Yates https://firstname.lastname@example.org Rebecca Yates2017-06-20 09:00:232018-07-11 10:07:072018 Health Savings Accounts Limits Are Set
2018 Health Savings Accounts Limits Are Set
The IRS recently published the inflation adjusted limits for the 2018 Health Savings Accounts (HSA). Deposits made to an HSA are tax free; contributions grow within the account tax free; and distributions are tax free as long as the money is used for out-of-pocket health care expenses, including deductibles.
Here are the new limits:
- Individual accounts rise to $3,450 (from 2017’s $3,400)
- Family coverage rises to $6,900 (from 2017’s from $6,700)
- Maximum out-of-pocket figures are also up: for single coverage to $6,650 (from 2017’s $6,550) and for family coverage to $13,300 (from 2017’s $13,100)