2018 Limits For High Deductible Health Plans (HDHP) And Health Savings Accounts (HSA)

 

In May 2017, the IRS originally released the 2018 Health Savings Account (HSA) contribution limits, the minimum required HDHP deductibles, and the out-of-pocket maximums (https://www.irs.gov/pub/irs-drop/rp-17-37.pdf).  However, the December 2017 passing of the Tax Reform Bill led to a review of the limits.  Each year, the IRS reviews these figures based on a cost-of-living adjustment.  The only change from the initial release was that the family HSA maximum contribution was adjusted downward to $6,850, compared to the previously announced limit of $6,900.

 

On April 26, 2018, the IRS announced through the Revenue Procedure 2018-27 that the $6,900 family HSA maximum contribution will remain in effect for 2018, hence undoing the change of lowering this to $6,850.

 

The figures below pertain to HSA and HSA-qualified High Deductible Health Plans.

 

2018 Annual HSA Contribution Limits

Single:  $3,450 ($50 increase from 2017)

Family:  $6,900 ($150 increase from 2017)

 

2018 Annual Minimum HDHP Required Deductibles

Single:  $1,350 ($50 increase from 2017)

Family:  $2,700 ($100 increase from 2017)

 

2018 HDHP Out-of-Pocket Maximums

Single:  $6,650 ($100 increase from 2017)

Family:  $13,300 ($200 increase from 2017)

 

More information can be found at:

https://www.irs.gov/pub/irs-drop/rp-18-27.pdf

https://www.irs.gov/newsroom/irs-grants-relief-for-taxpayers-affected-by-reduction-of-maximum-deductible-health-savings-account-contributions