The IRS announces HSA Limits for 2018

The IRS announced the limits for 2018 for Health Plans that have a Health Savings Account.  (IRS Rev. Proc. 2017-37)

2018 HSA Annual Contribution Limit

• Individual (self-only coverage) – $3,450  (For 2017 the limit is $3,400)
• Family Coverage – $6,900  (For 2017 the limit is $6,750)

2018 High Deductible Health Plan:

The minimum required deductibles are

• $1,350 for Individual (self-only coverage)
• $2,700 for Family Coverage

2018 Annual Out-of-Pocket Maximums

(Out-of-pocket expenses include deductibles, copayments, coinsurance and other amounts but do not include premiums)

• $6,650 for Individual (self-only coverage)
• $13,300 for Family Coverage

It should be noted that the Out-of-Pocket Maximums for Health Savings Accounts will also be used in calculating the maximum out-of-pocket limitation for those who enroll in an Insurance Marketplace or Health Exchange medical plan and are eligible for a federal subsidy.

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