The Internal Revenue Service has announced the 2018 HSA contribution limits. The new single coverage contribution limit is $3,450 (up from $3,400 in 2017).

NOTE: On March 5, 2018, the IRS announced that the 2018 annual HSA contribution limit for those with family HDHP coverage will drop from $6,900 (a originally set) to $6,850, effective immediately. (It was $6,750 in 2017)

On March 5, 2018, the Internal Revenue Service (IRS) released Rev. Proc. 2018-18, which changes the family limit on annual contributions to Health Savings Accounts (HSAs). The Revenue Procedure announced that the HSA limit for families is reduced by $50 to $6,850 for the 2018 calendar year. Last year the IRS set the 2018 HSA limit for families at $6,900, with the limit for individuals set at $3,450. The limit for individuals remains the same.

The new limit of $6,850 is retroactive back to January 1, 2018. This means that some families may have already contributed $6,900 to their HSAs for the year, exceeding the new limit by $50.

SEE: https://www.irs.gov/irb/2018-10_IRB#RP-2018-18

.27 Medical Savings Accounts.

(1) Self-only coverage. For taxable years beginning in 2018, the term “high deductible health plan” as defined in § 220(c)(2)(A) means, for self-only coverage, a health plan that has an annual deductible that is not less than $2,300 and not more than $3,450, and under which the annual out-of-pocket expenses required to be paid (other than for premiums) for covered benefits do not exceed $4,550.

(2) Family coverage. For taxable years beginning in 2018, the term “high deductible health plan” means, for family coverage, a health plan that has an annual deductible that is not less than $4,550 and not more than $6,850, and under which the annual out-of-pocket expenses required to be paid (other than for premiums) for covered benefits do not exceed $8,400.

Information in this section was updated 3/14/18