HSA contribution limits

    IRS announces 2018 HSA contribution limits

    Authored by Bukaty Companies on May 11, 2017

    The IRS announced the 2018 health savings account (HSA) maximum contribution limits detailed in the newly released Revenue Procedure 2017-37The annual limit on contributions will increase by $50 for individuals and $150 for families.

    HSAs are tax-exempt accounts that help consumers save money for eligible medical expenses. To qualify for an HSA, the policyholder must be enrolled in an HSA-qualified high-deductible health plan, cannot be covered by other non-HDHP health insurance or Medicare, and cannot be claimed as a dependent on a tax return.

    A comparison of the 2018 and 2017 limits is shown below:

    2018 and 2017 Contribution Amounts
     Self-only Coverage 2017 2018* Change
     Maximum annual HSA contribution $3,400 $3,450 + $50
     HSA catch-up contribution $1,000 $1,000 No change
     Minimum annual deductible for HDHP $1,300 $1,350 +$50
     Maximum out-of-pocket limit for HDHP $6,550 $6,650 +$100
     Family Coverage 2017 2018*  
     Maximum annual HSA contribution $6,750 $6,900 + $150
     HSA catch-up contribution $1,000 $1,000 No change
     Minimum annual deductible for HDHP $2,600 $2,700 +$100
     Maximum out-of-pocket limit for HDHP $13,100 $13,330 +$200

    *Effective January 1

     

    For questions or additional information, contact us at 913.345.0440.

    Blog Category: Benefits