On May 5, 2017, the Internal Revenue Service (IRS) released Revenue Procedure 2017-37 to announce the inflation-adjusted limits for health savings accounts (HSAs) and high deductible health plans (HDHPs) for 2018. These limits include:
- The maximum HSA contribution limit;
- The minimum deductible amount for HDHPs; and
- The maximum out-of-pocket expense limit for HDHPs.
The IRS limits for HSA contributions and HDHP cost-sharing will all increase for 2018. The HSA contribution limits will increase effective January 1, 2018, while the HDHP limits will increase effective for plan years beginning on or after January 1, 2018. These limits vary based on whether an individual has self-only or family coverage under an HDHP.
HSA/HDHP Limits
The following chart is 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
2017
2018
HSA Contribution Limit
Self-only
Family
$3,400
$6,750
$3,450 (Up $50)
$6,900 (Up $150)
HSA Catch-up Contributions¹
Age 55 or older
$1,000
$1,000 (No Change)
HDHP Minimum Deductible
Self-only
Family
$1,300
$2,600
$1,350 (Up $50)
$2,700 (Up $100)
Self-only
Family
$6,550
$13,100
$6,650 (Up $100)
$13,300 (Up $200)
¹Not subject to adjustment for inflation
²Deductibles, copayments and other amounts, but not premiums