On March 5, 2018, the IRS release Revenue Procedure 2018-18 to announce changes to certain tax limits for 2018, including a reduced contribution limit for health savings accounts (HSA’s). The IRS reduced the HSA contribution limit for 2018 for individuals with family HDHP (high deductible health plan) coverage by $50 to $6,850. All other HSA and HDHP limits for 2018 remain the same. Employees whose HSA contributions will exceed the limit have two options:
1. ACU will automatically decrease your last deduction of 2018 by $50 to accommodate the change in the limit, OR
2. You can complete a new HSA Contribution Form.