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2018 HSA and FSA [3/9/2018]

2018 HSA and FSA

 

 

On March 5, 2018, the Internal Revenue Service reduced the HSA Family Contribution Maximum to $6,850. This is down $50 from the limit announced by the IRS last year, and may affect current contributions for those participating in an HSA with family coverage under a High-Deductible Health Plan. There may need to be adjustments made to future contributions for employees contributing to a Family HSA. KEENA can offer assistance if any adjustments need to be made.

 

Individual HSA Limits and Flexible Spending Limits were unchanged.

 

Here is a reminder of the 2018 HSA and FSA Plan Limits below:

              

 

 

 

 

2018 HSA Contribution Limits

 

Self-only                                                                                                 $3,450

Family                                                                                                    $6,850  

( reduced by $50 )

Catch Up Contribution                                                                               $1,000

 

HDHP Minimum Deductible

Self-only                                                                                                 $1,350

Family                                                                                                    $2,700

 

HDHP Out-of-pocket Max                                                                                                

Self-only                                                                                                 $6,650

Family                                                                                                   $13,300

 

Out-of-pocket Max on Essential Health Benefits (non-grandfathered plans)

Self-only                                                                                                 $7,350

Family                                                                                                   $14,700

 

 

Health FSA

 

Limit on employees pre-tax contributions                                                     $2,650

 

Dependent Care FSA

 

Tax  exclusion                                                                                          $5,000

                                                                                                 $2,500        

                                                                                                     (if married and

filing taxes separately)

 

   

If you have any questions on HSA’s or FSA’s

please call KEENA at (518) 793-9825

 

 
 

 



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