The IRS announced an increase to the maximum HSA family contribution for the 2018 calendar year in Revenue Procedure 2018-27.
The family contribution limit for HSAs has been raised from$6,850 to $6,900.
This mid-year increase comes shortly after the IRS lowered the HSA maximum in March to $6,850 as part of Tax Reform and Jobs Act (P.L. 115-97).
Flexible Spending Accounts (Health Care FSAs, Dependent Care FSAs, Parking and Transit plans) were not affected.
Baker Tilly Vantagen is preparing to support our partners with this change. As a first step, our myFlexDollars portal was updated on April 30, 2018 to reflect the new maximum contribution limit.