IRS Announces 2018 HSA Contribution and Coverage Limits
The Internal Revenue Service has announced the annual contribution limits and High Deductible Health Plan (HDHP) definitions for 2018. The Individual Contribution Limit has been increased to $3,450 and the Family Contribution Limit has been increased to $6,900 for 2018. The maximum Out-of-Pocket Limits and Minimum Deductible Limits have been increased as well. The age 55 and older catch-up remains at $1,000.
Annual HSA Contribution Amounts
|
2017 |
2018 |
Coverage Levels |
|
$3,400 |
$3,450 |
Individual |
|
$6,750 |
$6,900 |
Family |
|
$1,000 |
$1,000 |
55 and over Catch-up |
Annual Maximum Out-of-Pocket limits for HDHP2017
|
2017 |
2018 |
Coverage Levels |
|
$6,550 |
$6,650 |
Individual |
|
$13,100 |
$13,300 |
Family |
Annual Minimum Deductible Amount Limits for HDHP
|
2017 |
2018 |
Coverage Levels |
|
$1,300 |
$1,350 |
Individual |
|
$2,600 |
$2,700 |
Family |
These limits and definitions are effective as of January 1, 2018. For more information, call us or see IRS Revenue Procedure 2017-37.
Original text: HSA Authority
