In an unusual turn of events, the IRS announced yesterday that the family contribution limit for HSAs has decreased to $6,850 from the previous amount of $6,900. This does not impact the individual contribution limit, which remains at $3,450, or catch-up contribution limit of $1,000 for eligible participants age 55+.
This change is a result of the tax reform law (PL 115-97) changing the annual inflation adjustment factor from the Consumer Price Index (CPI) to a new factor: Chained CPI.
The family contribution decrease is effective for the calendar year 2018.
*REVISED* 2018 HSA Contribution Limits and HDHP Minimum Deductibles and Maximum Out-of-Pocket Amounts
HSA [The Bank Account]
| Individual (self-only) | $3,450 |
| Family | *$6,850* |
| Catch-up Contribution (ages 55+) | $1,000 |
HDHP Minimum Deductible [The Medical Plan]
| Individual (self-only) | $1,350 |
| Family | $2,700 |
HDHP Maximum Out-of-Pocket Amounts [The Medical Plan]
| Individual (self-only) | $6,650 |
| Family | $13,300 |