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2018 HSA Contributions

1 min read • October 31, 2017
30 sec brief

The IRS has released the 2018 HSA contributions limits for individuals and families. 2018 HSA contributions are $3,450 for individuals and $6,900 for families. 2018 HSA Contributions Limits As a reference, the 2017 HSA Contributions limits were $3,400 for individuals and $6,750 for families. This means the individual contribution limits increased $50 and family contributions increased $150. HSA catch-up contributions will...

The IRS has released the 2018 HSA contributions limits for individuals and families. 2018 HSA contributions are $3,450 for individuals and $6,900 for families.

2018 HSA Contributions Limits

As a reference, the 2017 HSA Contributions limits were $3,400 for individuals and $6,750 for families. This means the individual contribution limits increased $50 and family contributions increased $150.

HSA catch-up contributions will remain at an additional $1,000 for qualifying individuals over the age of 55.

As you may know, an HSA is not a health insurance plan, but can (and should) be used in conjunction with all HSA-eligible plans (like a high deductible health plan). Qualifying HSA-eligible plan requirements have changed, just slightly, in 2018.

In 2018, HSA-eligible plans that qualify must have minimum deductibles of $1,350 for individuals and $2,700 for families. This is a $50 and $100 increase from 2017 respectively. Qualifying plans must have maximum out-of-pocket amounts of less than $6,650 for individuals and $13,300 for families. This is a $100 and $200 increase from 2017 respectively.

 2018 HSA Requirements

 

HSAs continue to grow and have already eclipsed 21 million accounts and $42.7 billion in assets. As the contributions limits are raised year over year, it will only continue to fuel HSA growth and provide more tax-free money for individuals and families to save for qualified out-of-pocket medical expenses.

If you need more help with health account decisions, check out our blog. We will make you a healthcare benefits expert in no time, without any extra work or effort on your end.

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