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On 5/4/2017, the IRS released Revenue Procedure 2017-37, which announced the new 2018 health savings account (HSA) contribution and high-deductible health plan (HDHP) limits, as well as the new annual out-of-pocket figures.

 

2018 Annual HSA Contribution Limits

  • $3,450 for self-only coverage under a HDHP (increase of $50 from 2017)
  • $6,900 for family coverage under a HDHP (increase of $150 from 2017)

 

2018 HSA Catch-up Contribution Limit (age 55 and over)

  • $1,000 (no change from 2017)

 

2018 Annual HDHP Minimum Deductibles

  • $1,350 for self-only coverage (increase of $50 from 2017)
  • $2,700 for family coverage (increase of $100 from 2017)

 

2018 Annual Out-of-Pocket Maximums

  • $6,650 for single coverage (increase of $100 from 2017)
  • $13,300 for family coverage (increase of $200 from 2017)

 

These limits will be effective 1/1/2018.

 

The information and materials on this blog are provided for informational purposes only and are not intended to constitute legal or tax advice. Information provided in this blog may not reflect the most current legal developments and may vary by jurisdiction. The content on this blog is for general informational purposes only and does not apply to any particular facts or circumstances. The use of this blog does not in any way establish an attorney-client relationship, nor should any such relationship be implied, and the contents do not constitute legal or tax advice. If you require legal or tax advice, please consult with a licensed attorney or tax professional in your jurisdiction. The contributing authors expressly disclaim all liability to any persons or entities with respect to any action or inaction based on the contents of this blog.

Bonnie Mangels – Bonnie is the Corporate Counsel and Senior Compliance Manager for Sequoia. When not inundated in paperwork and legal briefs, her interests include arts and crafts, bunnies, and the Bay Area.