Subscribe to our blog for all the latest news, updates, and events from Paynewest and our partnersSubscribe
As of March 2018, the Internal Revenue Service released revised Process 2018-18, addressing a variety of changes to tax rates and inflation-adjusted thresholds in accordance with the Trump administration's Tax Cut and Jobs Act of 2017.
2018 requirements for a qualifying high deductible health plan (HDHP), minimum deductibles and maximum out-of-pockets are unchanged. However, the annual contribution limits for individual and family plans have been raised slightly.
There are special rules and exemptions that may apply. Read the full press release here. If you have any questions about your HDHP coverage or HSA contribution limits, please contact your carrier for more information.