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IRS Updates 2018 HSA Contribution Limit

On March 5, 2018, the IRS released Revenue Procedure 2018-18 in Internal Revenue Bulletin 2018-10 which provided new recalculated limitations. It reduced the maximum family HSA contribution for those with family coverage under an HDHP from $6,900 (as previously announced in Rev. Proc. 2017-37 on May 4, 2017) to a new limit of $6,850. 

On April 26, 2018, the IRS released another adjustment of the family contribution limit for HSA accountholders. They have removed the $50 reduction, and the limit has returned to the original $6,900 maximum for family coverage. This can be found in Rev. Proc. 2018-27.

 

2018 Contribution and Out-of-Pocket Limits for Health Savings Accounts and High-Deductible Health Plans

HSA contribution limit (employer + employee)

Self-only: $3,450
Family: $6,900*

HSA catch-up contributions (age 55 or older)*

$1,000

HDHP minimum deductibles

Self-only: $1,350
Family: $2,700

HDHP maximum out-of-pocket amounts (deductibles, co-payments and other amounts, but not premiums)

Self-only: $6,650
Family: $13,300

*IRS Announced change on Thursday, April 26th to the Family HSA Contribution Limit.

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