IRS Reverses Change to 2018 Family HSA Limit

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April 28, 2018
2 min read



The IRS has reversed their March 5 decision to lower the 2018 HSA family contribution limit. The $6,900 limitation as the maximum deductible HSA contribution for individuals with family coverage under a high-deductible health plan (HDHP) who contribute to an HSA will remain in effect for 2018.
The Internal Revenue Service (IRS) has issued Revenue Procedure 2018-27 which allows the $6,900 limitation as the maximum deductible health savings account (HSA) contribution for individuals with family coverage under a HDHP who contribute to an HSA to remain in effect for 2018.
On May 4, 2017, the Department of the Treasury and the IRS released Revenue Procedure 2017-37, which provided that the annual limitation on deductions under section 223(b)(2)(B) for an individual with family coverage under an HDHP was $6,900.
Earlier this year, the Treasury Department and the IRS released Rev. Proc. 2018-18, reducing the annual limitation on deductions under section 223(b)(2)(B) for an individual with family coverage under an HDHP to $6,850 for 2018.
If you have questions regarding the reversal of the HSA limit, contact us at solutions@gsanational.com or 1-800-250-2741 ext. 170.

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