2018 HSA Contribution Limits, Minimum Deductibles, and Out-of-Pocket Expenses

2018 HSA Contribution Limits

HSA owners, rejoice! 2018 HSA contribution limits are going up, as are maximum out-of-pocket expenses and minimum deductibles. Here’s a quick overview and chart of the 2018 HSA parameters. 

On May 4, 2017, the Internal Revenue Service (IRS) released the 2018 inflation-adjusted amounts for Health Savings Accounts (HSAs). Contribution limits, minimum deductibles, and the maximum for out-of-pocket expenses all go up in 2018.

2018 HSA Contribution Limits

Good news for HSA owners! Starting January 1, 2018, the annual maximum contribution levels will increase for both individual and family coverage. Participants with individual coverage will be able to contribute $3,450, $50 more than in 2017. Account holders with family coverage may contribute up to $6,900, a $1,500 increase from 2017 limits.

Minimum Deductible for HDHPs

The IRS also raised the minimum deductible for qualified high deductible health plans (HDHPs) for the first time since 2015.

In 2018, the individual coverage minimum deductible is $1,350, up $50; the family coverage minimum deductible goes up to $2,700, a $100 increase.

Maximum for Out-of-Pocket Expenses

The maximum limit for out-of-pocket expenses is going up in 2018, as well. The last increase was in 2016.

Next year, those with individual coverage will have a $6,650 limit, a $100 increase. Account holders with family coverage see a $200 increase to $13,300.

Catch Up Contributions

The catch up contribution limit did not change for 2018. HSA owners who are 55 years of age and older will be able to contribute $1,000 over the annual contribution limit.

The chart below provides a quick reference to 2018 HSA Contribution Limits, Minimum Deductibles, and Out-of-Pocket Expenses.

2018 HSA Contribution Limits/Minimum Deductible/Out-of-Pocket Expenses

2017 2018
Contribution Limits Individual: $3,400

Family: $6,750

Individual: $3,450

Family: $6,900

Minimum Deductible for HDHPs Individual: $1,300

Family: $2,600

Individual: $1,350

Family: $2,700

Maximum Out-of-Pocket Expenses Individual: $6,550

Family: $13,100

Individual: $6,650

Family: $13,300