IRS ANNOUNCES 2019 LIMITS

Today, November 15, 2018, at 10: 30 am EST the IRS announced the new 2019 limits for Pre-Tax Plans in Revenue Procedure 2018-57. The 2019 Health Savings Account (HSA) contribution limits, out-of-pocket maximums and high deductible health plan (HDHP) deductibles were announced earlier this year. Each of the updates are set forth below: If you need or wish to change your group’s…

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UPDATED LIMITS FOR 2019 HIGH DEDUCTIBLE PLANS & HSAS

On May 10, the IRS announced 2019 Health Savings Account contribution limit increases within their release of Revenue Procedure 2018-30 In 2019, the HSA contribution limit for an individual will increase by $50 to $3,500 and for a family by $100 to $7,000.  As a reminder, the 2018 family contribution limit recently increased to $6,900 with the update released by the IRS* on…

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IRS ANNOUNCES UPDATE TO HSA LIMIT FOR FAMILY COVERAGE

Late in the day on April 26, 2018, the IRS released Revenue Procedure 2018-27, which allows participants in a Health Savings Account to consider $6,900 (rather than the previously announced decrease to $6,850) as the maximum limit for those with Family coverage for 2018. The previously announced reduction to the Adoption Assistance Limit will remain in place and the limit…

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