IRS Guidance Requires Immediate Changes to Employer Group Health Plans with Health Savings Accounts

By: Joseph P. Yonadi, Jr. and Patrick J. Egan

2018 Family Coverage Contribution Reduced to $6,850

On March 5, 2018, the Internal Revenue Service (IRS) issued guidance that lowers the 2018 Health Savings Account (HSA) contribution limit for family coverage. Last year the IRS set the 2018 HSA contribution limit at $3,450 for individuals with self-only coverage, and $6,900 for individuals with family coverage. However, the 2018 maximum HSA contribution limit for family coverage has now been […]