We just received this very timely update notice from our OCA Benefits partner and wanted to be sure that you were made aware of the HSA reversion contribution for 2018. HSA FAMILY CONTRIBUTIONS – IRS PROVIDES RELIEF. Late last week the IRS released Revenue Procedure 2018-27 that allows health savings account (HSA) holders to treat $6,900 (rather...Read More

On March 5, 2018, the IRS released Revenue Procedure 2018-18 in Internal Revenue Bulletin 2018-10. Included in this Procedure is a reduction to the maximum contribution limit for Health Savings Account (HSA) contributions for calendar year 2018. The new limit for those with family coverage is $6,850. The previous limit had been set at $6,900. The maximum for...Read More