The IRS announced yesterday that employers may treat $6,900 – the contribution limit originally set by the IRS – as the 2018 health savings account (HSA) contribution limit for an individual with family coverage. In other words, employers may disregard the previous guidance from the IRS (issued just last month) reducing the 2018 family HSA contribution limit from $6,900 to $6,850. The relief was issued in response to concerns over the administrative burden and cost of implementing the $50 reduction and is welcome news to employers who have not yet updated their systems.
Contact Information. For more information, please contact Don Mazursky (404.888.8840), Kelly Meyers (404.888.8838), Angela Roberts (404.888.8822) or Chandra Burns (404.888.8834).