IRS Increases HSA Contribution Limit To Track Previous Level

May 02, 2018
IRS announced last week it has increased the contribution maximum for “family” health savings accounts (HSAs) in 2018 to $6,900 to align with previously announced levels, after briefly lowering it to $6,850 due to changes made under the GOP tax bill. “Although only a $50 reduction, the change presented significant difficulties to employers who had communicated the $6,900 limit to employees and built that higher limit into their plans and payroll systems. In announcing the relief, the IRS recognized the...

Not a subscriber? Sign up for 30 days free access to exclusive, detailed reporting on the coming Democrat-controlled House of Representatives, drug pricing reforms, Medicaid policy, FDA news and much more.