hsa

HSA Family Contribution Limit Reduced for 2018

Effective immediately, the 2018 Health Savings Account (HSA) annual contribution limit has been reduced to $6,850 for family coverage (employee plus one). The Internal Revenue Service (IRS) initially set the limit at $6,900. There is no change to the annual contribution limit for single coverage. Employees with family coverage who planned to contribute, or have already […]

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July 31, 2008
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health insurance, Health Savings Accounts, hsa, irs, irs insurance

IRS releases 2009 maximum health savings account contributions

The Treasury Department and Internal Revenue Service recently released 2009 guidelines for maximum contribution levels for Health Savings Accounts (HSAs) and out-of-pocket spending limits for high deductible health plans (HDHPs) that must be used in conjunction with HSAs. The 2009 IRS requirements are: Minimum Deductible: $1,150 single plan; $2,300 family plan Maximum Out-of-Pocket: $5800 single […]