IRS Issues New 2018 Inflation Adjusted Limits for HSAs and HDHPs

The IRS has issued the 2018 inflation adjusted amounts for Health Savings Accounts (HSAs) and High Deductible Health Plans (HDHPs).

The table below compares the limits to the current 2017 limits. As shown in the table, the maximum that can be contributed to an HSA in 2018 for individual coverage will increase by $50, and for family coverage, by $150. The minimum annual deductible for high deductible health plans (HDHPs) will increase by $50 for single coverage, and for family coverage, by $100. The maximum annual out of pocket expenses (i.e., deductibles, copays, and other amounts except for premiums) for HDHPs will increase by $100 for individual coverage, and by $200 for family coverage.

*Important Note: According to the final Health and Human Services (HHS) Notice of Benefit and Payment Parameters for 2018 Fact Sheet, the maximum annual out of pocket expenses are $7,350 for individual coverage and $14,700 for family coverage for Affordable Care Act compliance purposes.