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2018 HSA Guidelines Released

5/24/2017

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.

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2017 'Pay or Play' Penalty and Affordability Amounts Announced

5/24/2017

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The IRS has updated its existing Q&As on the Affordable Care Act's employer shared responsibility ("pay or play") requirements to reflect adjustments to the pay or play penalty and affordability amounts. Those adjustments are as follows:

For calendar year 2017, the applicable per-employee dollar penalties of $2,000 and $3,000 are adjusted to$2,260 and $3,390, respectively.
For plan years beginning in 2017, the affordability threshold for purposes of both the pay or play affordability safe harbors and the premium tax credit provisions is 9.69%.

The Q&As also address what counts as an "offer of coverage" for purposes of pay or play compliance. Click here to view the Q&As in their entirety.

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2018 HSA Guidelines Released

2017 'Pay or Play' Penalty and Affordability Amounts Announced

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