The IRS has released the inflation-adjusted contribution and related amounts for health savings accounts (HSAs) and HSA-compatible high-deductible health plans, or HDHPs, for 2018. These limits are tied to changes in the Consumer Price Index by application of the cost-of-living adjustment rules. The limits for 2018 are set forth below.
2018 HSA Limits
Annual HSA Contribution Maximum: | $3,450 for single coverage ($50 increase from $3,400) $6,900 for family coverage ($150 increase from $6,750) |
Annual Catch-Up Contribution Maximum: | $1,000 (for HSA-eligible individuals age 55 or older) – no change |
HDHP Minimum Deductible: | $1,350 for single coverage ($50 increase from $1,300) $2,700 for family coverage ($100 increase from $2,600) |
HDHP Out-of-Pocket Maximum: | $6,650 for single coverage ($100 increase from $6,550) $13,300 for family coverage ($200 increase from $13,100) |
Not Legal Advice: Nothing in this Alert should be construed as legal advice.
Leave A Comment