April 27, 2018
Contribution Limit for Individuals with HDHP Family Coverage Previously Set at $6,850
The Internal Revenue Service (IRS) has re-established $6,900 as the 2018 health savings account (HSA) contribution limit for individuals with family coverage under a high deductible health plan (HDHP). This limit was previously announced as $6,900 in May 2017, but was revised to $6,850 in March 2018 due to an inflation adjustment provision in the Tax Cuts and Jobs Act. The 2018 health savings account (HSA) contribution limit for individuals with self-only coverage under a HDHP remains unchanged at $3,450.
Click here to read the IRS announcement.
For questions, please contact a member of your B&P Sales Team - 888.722.3373.