2018 inflation adjustments for health savings accounts released

The IRS has released the 2018 inflation-adjusted amounts for health savings accounts under Code Sec. 223.

For calendar year 2018, the annual limitation on deductions under Code Sec. 223(b)(2) for an individual with self-only coverage under a high-deductible plan is $3,450 ($6,900 for an individual with family coverage).

A “high-deductible health plan” is defined in Code Sec. 223(c)(2)(A) as a health plan with an annual deductible that is not less than $1,350 for self-only coverage or $2,700 for family coverage and annual out-of-pocket expense limits (deductibles, copayments and other amounts, but not premiums) that do not exceed $6,650 for self-only coverage or $13,300 for family coverage.
SOURCE: Rev. Proc. 2017-37, I.R.B. 2017-21, May 22, 2017.
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