2018 HSA Guidelines Released

The 2018 health savings account (HSA) guidelines were recently released by the Internal Revenue Service (IRS). These guidelines outline the inflation-adjusted contribution, deductible, and out-of-pocket spending limits for Health Savings Accounts (HSAs) and high-deductible health plans (HDHPs) for calendar year 2018. 
2018 HSA Overview

• Minimum deductible:
  • Compliant HSA plan examples:
    • One plan for self-only and family with an embedded deductible, the minimum deductibles are: $2,700 individual and $2,700 family 
    • One plan for self-only and family with a non-embedded deductible, the minimum deductibles are: $1,350 individual and $2,700 family  
  • $1,350 for self-only coverage (versus $1,300 in 2017)
  • $2,700 for family coverage (versus $2,600 in 2017)
  • $2,700 for embedded individual deductible (versus $2,600 in 2017) 
  • Out-of-pocket maximum: 
    • $6,650 for self-only coverage (versus $6,550 in 2017)
    • $13,300 for family coverage  (versus $13,100 in 2017)
    • $6,650 for embedded individual out-of-pocket maximum (versus $6,550 in 2017)
    • Compliant HSA/ACA plan examples:
      • One plan for self-only and families with an embedded out-of-pocket maximum, the maximum amounts are: $6,650 individual and $13,300 family
      • One plan for self-only and family with a non-embedded deductible, the maximum amounts are: $6,650 individual and $7,350 family
  • Watch for the intersection of the HSA and Affordable Care Act (ACA) rules. The 2018 ACA maximum is $7,350 for individual and $14,700 family (versus $7,150 individual and $14,300 family in 2017). 

•  HSA contribution limits:
  • $3,450 for self-only coverage (versus $3,400 in 2017)  
  • $6,900 for family coverage (versus $6,750 in 2017)
  • The annual “catch-up” contribution amount for individuals age 55 or older will remain $1,000.

Click here to get the free 2018 HSA Guide put out by United Healthcare.