IRS HSA/HDHP Limits for 2018

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)

HDHP Maximum Out-of-pocket Expense Limit²

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

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The information provided is for informational purposes only and does not constitute legal advice. The information above contains only a summary of the applicable legal provisions and does not purport to cover every aspect of any particular law, regulation or requirement. Depending on the specific facts of any situation, there may be additional or different requirements. This is to be used only as a guide and not as a definitive description of your compliance obligations.