HSA Limits Increased for 2018
In Revenue Procedure 2017-37 the IRS provided updated numbers for 2018 for health savings accounts and the related high deductible health plans.
The annual contribution limits for 2018 for health savings accounts under IRC §223(b)(2)(A) will be:
- Self-only coverage: $3,450
- Family coverage: $6,900
The minimum deductible for a high deductible health plan under IRC §223(c)(2)(A) for 2018 will be:
- Self-only coverage: $1,350
- Family coverage: $2,700
The maximum out of pocket expenses, including deductible, co-payments and other items except premiums for a high deductible health plan for 2018 may not exceed:
- Self-only coverage: $6,650
- Family coverage: $13,300