The Internal Revenue Service (IRS) has issued the 2018 Inflation Adjusted Amounts for Health Savings Accounts (HSAs) paired with high-deductible health plans (HDHPs). The new adjusted numbers are as follows:
2018 Numbers for HSA/HDHP Arrangements
Effective for the 2018 calendar year:
The annual contribution limit for HSA arrangements will be:
$3,450 for self-only coverage ($50 more than 2017)
$6,900 for family coverage ($150 more than 2017)
The minimum deductible for HSA/HDHP arrangements will be:
$1,350 for self-only coverage ($50 more than 2017)
$2,700 for family coverage ($100 more than 2017)
The out-of-pocket maximum for HSA/HDHP arrangements will be:
$6,650 for self-only coverage ($100 more than 2017)
$13,300 for family coverage ($200 more than 2017)
The annual limit on HSA catch-up contributions, for individuals age 55 and older, remains $1,000. We wanted to share this information as soon as possible so employers and plan sponsors can begin to plan accordingly.
Please contact your Conner Strong & Buckelew account representative toll free at 1-877-861-3220 with any questions.