IRS Readjusts HSA Contribution Limit

OMA Connections Partner, Bricker & Ecker, posted: “In March of this year, the IRS adjusted the 2018 HSA contribution limit for individuals enrolled in family coverage down $50 from $6,900 to $6,850. A little over a month later, the IRS reconsidered the retroactive limit adjustment to the inflation-based calculation and allowed the $6,900 limit to remain for the entire 2018 tax year. …

“To view a chart of relevant plan limits for 2018, click here.

“Employers should (again) confirm that they are using the correct contribution limits for HSAs and other welfare plans. …” 5/8/2018

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