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 is that the family HSA maximum contribution is being adjusted downward to $6,850, compared to the previously announced limit of $6,900. This change may affect current and future contributions to HSAs. If an HSA participant has already contributed more than the family HSA maximum contribution of $6,850 for 2018, contact your HSA financial institution to initiate an excess contribution removal of the overage.

 

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: $6,850 ($100 increase from 2017, and originally announced as $6,900)

 

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-irbs/irb18-10.pdf