Latest News and Alerts

April 26, 2018
Change to HSA Family Limit - The IRS announced today that the previously released reduction in the maximum family contribution limit to a Health Savings Account (“HSA”) from $6,900 to $6,850 has been withdrawn. Taxpayers with family coverage under a qualified High Deductible Health plan may contribution up to $6,900 for the 2018 calendar year.

The remaining HSA and HDHP limits for 2018 are not impacted. The HSA annual contribution limit remains at $3,450/Single. The 2018 minimum statutory deductible for an HSA-qualified High Deductible Health Plan is $1,350/Single and $2,700/Family, the 2018 out-of-pocket limit for these plans is $6,650/Single and $13,300/Family, and the 2018 HSA Catch-up contribution is $1,000.

October 19, 2017
2018 Medical FSA and QTA limits - The IRS has announced that the 2018 salary reduction limit for Medical FSAs is $2,650. There is no change to the annual maximum for Dependent Care FSAs. The new monthly maximums for Qualified Transportation Accounts are $260 for transit expenses and $260 for parking expenses.