On May 5, 2017, the Internal Revenue Service (IRS) announced updated limits for health savings accounts (HSAs) and high deductible health plans (HDHPs) for 2018. Limits have been adjusted for inflation.
The adjusted limits for HSAs will take effect on January 1, 2018. The adjusted cost-sharing limits for HDHPs, including minimum deductible and maximum out-of-pocket amounts, will take effect for the plan year beginning on or after January 1, 2018.
Employers who sponsor these plans may need to make plan design changes and, if they communicate HSA contribution limits to employees as part of the enrollment process, these enrollment materials should be updated to reflect the changes.
You can learn more about the HSA and HDHP limits here.
You can find more information like this on our Employer Benefit Resource page.
All insurance policies are different. Be sure to review your insurance policy for specific information about coverages available to you. Nothing in this post is meant to suggest a guarantee of coverage.