HSA Update
Wednesday, April 4, 2018
UPDATE May 2018: The Internal Revenue Service has reverted back the family plan contribution limit to the 2017 level of $6,900. Click here for more info.
The Internal Revenue Service (IRS) has announced that the 2018 annual limitation on health savings account (HSA) contributions by individuals with family coverage under a high deductible health plan (HDHP) is now $6,850. This limit was previously announced as $6,900, but has been revised downward due to an inflation adjustment provision in the Tax Cuts and Jobs Act. The 2018 annual limitation on HSA contributions by an individual with self-only coverage under a HDHP remains unchanged at $3,450.
CLICK HERE to read the IRS announcement.