In March 2018, the IRS released Revenue Procedure 2018-10, which, for some tax-related formulas, adjusted the annual inflation factor from the Consumer Price Index (CPI) to a new factor called a “chained CPI.” This is retroactively effective to January 1, 2018.

As a result of the change, the 2018 family contribution limit for health savings account (HSA) contributions is lowered to $6,850 from $6,900.The self-only limit for HSA contributors remains unchanged at $3,450.

Action Required:
Individuals with family coverage who planned to contribute to the full family amount should decrease their contributions going forward.

 
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