The New Revenue Procedures (Rev. Proc. 2022-24)
The IRS has rolled out new revenue procedures (Rev. Proc. 2022-24) that cover the 2023 inflation-adjusted amounts for Health Savings Accounts (HSAs) as determined under section 223 of the Internal Revenue Code. Additionally, the maximum amount for a newly available excepted benefit HRA is covered in Rev. Proc. 2022-24. This amount is provided under section […]
HSA Contribution Limits 2021 IRS
Every year, the IRS updates their Health Savings Accounts (HSA) contribution limits. It’s important to stay up to date with these changes and be aware of how much you could be saving each year for qualified medical expenses. Single Plan HSA Contribution Limits Family Plan Maximum Contribution Limit $3,600 $7,200 Minimum Deductible $1,400 $2,800 Maximum […]
IRS Releases 2018 HSA Limits
The 2018 HSA (health savings account) guidelines were recently released by the Internal Revenue Service (IRS). These guidelines outline the inflation-adjusted contribution, deductible, and out-of-pocket spending limits for Health Savings Accounts (HSAs) and high-deductible health plans (HDHPs) for calendar year 2018. 2018 HSA Overview Minimum deductible Compliant HSA plan examples: One plan for self-only and […]
