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 |
|---|---|
|
HSA catch-up contributions (age 55 or older)* |
$1,000 |
|
HDHP minimum deductibles |
Self-only: $1,350 |
|
HDHP maximum out-of-pocket amounts (deductibles, co-payments and other amounts, but not premiums) |
Self-only: $6,650 |
*IRS Announced change on Thursday, April 26th to the Family HSA Contribution Limit.
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