IRS Guidelines & Eligible Expenses

The IRS sets limits each year for maximum contributions to each type of account-based benefit.

Health Savings Account (HSA) – IRS Limits

Note: On Monday, March 5, the Internal Revenue Service (IRS) released Revenue Procedure 2018-19, which reduced the family Health Savings Account (HSA) contribution limit for 2018 from $6,900 to $6,850.

2017 IRS Limits

 

  Single Plan   Family Plan

Maximum Contribution Limit

$3,400

$6,750

Minimum Deductible

$1,300

$2,600

Maximum
Out-of-Pocket

$6,550

$13,100

Catch-up Contribution (55+)

$1,000

$1,000

2018 IRS Limits

 

  Single Plan   Family Plan

Maximum Contribution Limit

$3,450

$6,850

Minimum Deductible

$1,350

$2,700

Maximum
Out-of-Pocket

$6,650

$13,300

Catch-up Contribution (55+)

$1,000

$1,000

 

Flexible Spending Account (FSA) - IRS Limits

2017 Maximum Contribution:

$2,600

2018 Maximum Contribution:

$2,650

 

Dependent Care Flexible Spending Account (DCFSA) - IRS Limits

2017 Maximum Contribution:

$2,500

2018 Maximum Contribution:

$2,500

If filing taxes jointly, Maximum Contribution: $5,000

 

Commuter Benefits -
IRS Limits

2017 Parking & Transit:

$255

per month / per each benefit

2018 Parking & Transit:

$260

per month / per each benefit


IRS-Qualified Medical Expenses

You can pay for a wide range of IRS-qualified medical expenses with your HSA, including many that aren't typically covered by health insurance plans. This includes deductibles, co-insurance, prescriptions, dental and vision care, and more. For a complete list of IRS-qualified medical expenses visit irs.gov or view a list of qualifying examples.

 

 

 

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