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.

These limits vary based on whether an individual has self-only or family coverage under an HDHP.

The IRS limits for HSA contributions and HDHP cost-sharing will all increase for 2018. The HSA contribution limits will increase effective Jan. 1, 2018, while the HDHP limits will increase effective for plan years beginning on or after Jan. 1, 2018.

The following chart shows 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.

Contact your NEEBCo representative with any questions you may have.

IRS Announces HSA-HDHP Limits for 2018