The IRS has announced the inflation-adjusted amounts for contributions, plan deductibles and out-of-pocket expenses for health savings accounts (HSAs) for 2018. Rev. Proc. 2017-37
sets the 2018 limit on HSA contributions at $3,450 (up from $3,400 in 2017) for an individual with self-only coverage and $6,900 (up from $6,750 in 2017) for an individual with family coverage. To qualify for an HSA, an individual’s coverage in a group health plan must be under a high-deductible health plan (HDHP).
The guidance provides that in 2018, HDHPs must have an annual deductible that is not less than $1,350 for self-only coverage or $2,700 for family coverage (up from $1,300 and $2,600, respectively, in 2017), and annual out-of-pocket expenses cannot exceed $6,650 for self-only coverage or $13,300 for family coverage (up from $6,550 and $13,100, respectively, in 2017).
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