Benefit News

IRS Revises 2018 HSA Contribution Limits - Again!

April 26, 2018

Today (April 26, 2018), the Internal Revenue Service (IRS) released Revenue Procedure 2018-27, reversing the reduced the family coverage contribution limit for health savings accounts (HSAs) that was announced under Revenue Procedure 2018-18 last month.

This Revenue Procedure modifies the 2018 calendar year HSA contribution limit for individuals with family coverage under a high deductible health plan (HDHP) from $6,850, back to the originally announced 2018 limit of $6,900.

In early March, the 2018 HSA annual contribution limit for family coverage had been revised downward by $50 to $6,850 as a result of the change in the inflation adjustment calculations for 2018 under the Tax Cuts and Jobs Act. The IRS' other HSA and HDHP limits for 2018 remained the same.

Revenue Procedure 2018-27 can be found at www.irs.gov/pub/irs-drop/rp-18-27.pdf.

For additional information, please contact your Burnham Benefits Consultant or Burnham Benefits at 949-833-2983 or inquiries@burnhambenefits.com.


Burnham Benefits does not engage in the practice of law and this publication should not be construed as the providing of legal advice or a legal opinion of any kind. The consulting advice we provide is intended solely to assist in assessing its compliance with the Patient Protection and Affordable Care Act and other applicable federal and state law requirements, and is based on Burnham Benefit’s interpretation of federal guidance in effect as of the date of this publication. To the best of our knowledge, the information provided herein, and assumptions relied on, are reasonable and accurate as of the date of this publication. Furthermore, to ensure compliance with IRS Circular 230, any tax advice contained in this publication is not intended to be used, and cannot be used, for purposes of (i) avoiding penalties imposed under the United States Internal Revenue Code or (ii) promoting, marketing or recommending to another person any tax-related matter.

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