IRS issues 2018 Health Savings Accounts contribution limits
The IRS has published the maximum allowed deduction for Health Savings Accounts contributions for calendar year 2018. They are:
For a high-deductible health plan (defined below):
« $3,450 for an individual with self-only coverage.
« $6,900 for an individual with family coverage.
Employees age 55 or older may make a catch-up contribution of $1,000 more for either self-only or family coverage.
In 2018, a high-deductible health plan has an annual deductible of at least $1,350 for self-only coverage or $2,700 for family coverage. Annual out-of-pocket expenses (deductibles, copayments and other amounts, but not premiums) may not exceed $6,650 for self-only coverage, or $13,300 for family coverage.Download Bulletin PDF