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IRS Announces 2018 HSA Contribution Limits, Out-of-Pocket Maximums and HDHP Minimum Deductibles

The Internal Revenue Service recently released the 2018 cost-of-living adjusted amounts related to health savings account (“HSA”) contribution limits, out-of-pocket maximums and high deductible health plan (“HDHP”) deductibles. Each of the cost-of-living adjusted amounts is set forth below.

HSA Contribution Limits. The 2018 annual HSA contribution limit for an individual with self-only HDHP coverage is $3,450, increasing $50 from 2017. The 2018 annual HSA contribution limit for an individual with family HDHP coverage is $6,900, increasing $150 from 2017.

HDHP Minimum Annual Deductibles. The 2018 HDHP minimum annual deductible for an individual with self-only coverage is $1,350, and the minimum annual deductible for an individual with family HDHP coverage is $2,700.  The HDHP minimum annual deductible amounts have increased by $50 for self-only coverage and by $100 for family coverage from 2017.

HDHP Out-of-Pocket Maximums. The 2018 HDHP out-of-pocket maximum for an individual with self-only coverage is $6,550, which remains unchanged from 2017. The out-of-pocket maximum for an individual with family coverage is $13,300, a $200 increase since 2017.

Please contact your Foster Swift employee benefits professional if you have any questions concerning the foregoing.

Categories: Employee Benefits, Tax

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With a business-minded approach, and service-oriented delivery, Mindi helps clients navigate challenges and solve problems in the areas of employee benefits law and health care law. Mindi has spoken and written extensively on employee benefits, health care reform, and health care law topics, and is actively involved in a number of legal, professional and industry organizations focused on these issues.

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