May 08, 2017
On May 5, 2017, the IRS released Revenue Procedure 2017-37 (available here) to announce the inflation-adjusted limits for health savings accounts (HSAs) and high deductible health plans (HDHPs) for 2018. These limits include:
These limits vary based on whether an individual has self-only or family coverage under an HDHP. The following chart shows the HSA/HDHP limits for 2018 as compared to 2017. It also includes the catch-up contribution limit that applies to HSA-eligible individuals who are age 55 or older, which is not adjusted for inflation, and stays the same from year to year.
|Type of Limit||2017||2018||Change|
|HSA Contribution Limit||Self-only||$3,400||$3,450||Up $50|
|HSA Catch-up Contributions
(not subject to adjustment for inflation)
|Age 55 or older||$1,000||$1,000||No Change|
|HDHP Minimum Deductible||Self-only||$1,300||$1,350||Up $50|
|HDHP Maximum Out-of-Pocket Expense Limit
(deductibles, copayments and other amounts, but not premiums)
For additional information, please contact your Burnham Benefits Consultant or Burnham Benefits at 949-833-2983 or email@example.com.
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