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 self-only coverage did not change, and remains at $3,450 for 2018.
For further details regarding this change and HSA Information, please visit https://www.kirwanbenefits.com/health-savings-accounts/