HSA Limit Reduction

The IRS recently released a new set of procedures that “reduces the previously announced 2018 contribution limit for a health savings account (HSA) of an individual enrolled in family coverage under a high deductible health plan”.

The new limit is $6,850, $50 less than the previously limit of $6,900.

According to JD Supra:

The change follows on recently enacted tax reform legislation requiring a new method of calculating inflation adjustments for many Internal Revenue Code provisions beginning in 2018.

It should be noted that the contribution limit for individuals with self-only coverage has not changed, and remains $3,450.

For more details, please click here.

HSA

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