IRS Releases 2018 Inflation-Adjusted Amounts for HSAs and HDHPs

The IRS recently issued Revenue Procedure 2017-37, which sets the 2018 calendar year limits on (i) annual contributions that can be made to a health savings account (?Ç£HSA?Ç¥) and (ii) annual deductibles and out-of-pocket maximums under a high deductible health plan (?Ç£HDHP?Ç¥). The 2018 limits, which?áwere increased across the board from the 2017 limits, are as follows:

• Minimum HDHP deductibles ?Çô $1,350 self-only coverage ($50 increase from 2017); $2,700 family coverage ($100 increase from 2017).
• HDHP out-of-pocket maximum limits ?Çô $6,650 self-only coverage ($100 increase from 2017); $13,300 family coverage ($200 increase from 2017).
• Annual HSA contribution limits ?Çô $3,450 self-only coverage ($50 increase from 2017); $6,900 family coverage ($150 increase from 2017).

View Revenue Procedure 2017-37.