H&W 2018 HSA Limits Released

HSA (health savings account) cost-of-living contribution and coverage adjustments for 2018 have been issued in Revenue Procedure 2017-37. The new 2018 HSA limits, minimum deductibles and maximum out-of-pocket expense levels for calendar year 2018 are as follows:

HSA Annual Contribution Limitation

Contributions from all sources cannot exceed certain annual limits prescribed by the IRS and adjusted annually for inflation.

• Self-Only Coverage: $3,450 – up from $3,400 in 2017
• Family Coverage: $6,900 – up from $6,750 in 2017

High Deductible Health Plans

HSA contributions can only be made by individuals enrolled in a high deductible health plan. For calendar year 2018, a high deductible health plan is defined as a health plan with:

Minimum Annual Deductible

• Self Only Coverage: $1,350 – up from $1,300 in 2017
• Family Coverage: $2,700 – up from $2,600 in 2017

Maximum Annual Out-of-Pocket Expenses

• Self-Only Coverage: $6,650 – up from $6,550 in 2017
• Family Coverage: $13, 300 – up from $13,100 in 2017

For more information on HSAs, see the Employers and HSAs reference material on Compliancedashboard.