Earlier this month, the IRS announced higher contribution limits for Health Savings Accounts (HSAs) for 2018. The 2018 High-Deductible Health Plan (HDHP) limits have also increased from 2017 levels, as have the out-of-pocket maximums for a plan to be considered a high-deductible health plan. HSAs and high-deductible health plans have increased in use in recent years. With the cost of health insurance on the rise, employers have looked for ways to share the cost while keeping premiums relatively affordable for employees. The HDHP/HSA combination has proven a viable option for many companies and their workers.
Please see the table below for current and future HSA and HDHP limits.
HSA Contribution Limits 2017 — Family: $6,750; Self-Only: $3,400. 2018 — Family: $6,900; Self-Only: $3,450.
Out-of-Pocket Maximums 2017 — Family: $13,100; Self-Only: $6,550. 2018 — Family: $13,300; Self-Only: $6,650.
Minimum Deductible 2017 — Family: $2,600; Self-Only: $1,300. 2018 — Family: $2,700; Self-Only: $1,350.
Want to learn more about high-deductible health plans and HSAs, or need some expert advice on your current approach to employee benefits? We can help. Contact a Plexus client service team member in Deer Park, Ill. (847-307-6100), Chicago (312-606-4800), Dallas (972-770-5010) or Oklahoma City (405-840-3033), or reach out via the Web.