05/12/2017
IRS Announces Health Savings Account Contribution Limits for 2018
In Revenue Procedure 2017-37, the IRS has set the Health Savings Account (HSA) contribution limits for 2018 as shown below. The HSA contribution limits, High Deductible Health Plan (HDHP) out-of-pocket maximums and the HDHP minimum required deductibles all increase slightly. Here are the details:
- HSA Contribution Limits: The 2018 annual HSA contribution limit for individuals with self-only HDHP coverage is $3,450 (a $50 increase from 2017), and the limit for individuals with family HDHP coverage is $6,900 (a $150 increase from 2017).
- HDHP Minimum Required Deductibles: The 2018 minimum annual deductible for self-only HDHP coverage is $1,350 and for family HDHP coverage is $2,700. Both amounts have increased slightly from 2017 limits.
- HDHP Out-of-Pocket Maximum: The 2018 maximum limit on out-of-pocket expenses (including items such as deductibles, co-payments, and co-insurance, but not premiums) for self-only HDHP coverage is $6,650 (a $100 increase from 2017), and the limit for family HDHP coverage is $13,300 (a $200 increase from 2017).
2018 HSA Contribution Limits
|
HDHP Minimum Annual Deductible |
HDHP Out-of-Pocket Maximum |
HSA Maximum Contribution Limit |
HSA Catch-Up Contribution Limit |
| Self-only |
$1,350 |
$6,650 |
$3,450 |
$1,000 |
| Family |
$2,700 |
$13,300 |
$6,900 |
To view the IRS revenue procedure, click here.
BusinessPlans, Inc. – myCafeteriaPlan does not intend to provide legal or tax advice and information contained in this article should not be interpreted as such. Regulations governing pretax plans are often open to interpretation and should be reviewed with your legal or tax advisor before making any decisions regarding your plan.