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.
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2017 IRS Limits
|
|
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Single Plan |
Family Plan |
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Maximum Contribution Limit
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$3,400
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$6,750
|
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Minimum Deductible
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$1,300
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$2,600
|
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Maximum
Out-of-Pocket
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$6,550
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$13,100
|
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Catch-up Contribution (55+)
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$1,000
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$1,000
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2018 IRS Limits
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|
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Single Plan |
Family Plan |
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Maximum Contribution Limit
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$3,450
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$6,850
|
|
Minimum Deductible
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$1,350
|
$2,700
|
|
Maximum
Out-of-Pocket
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$6,650
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$13,300
|
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Catch-up Contribution (55+)
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$1,000
|
$1,000
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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.