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HSA Contributions

2018 Health Savings Account (HSA) Contributions

After careful consideration of the impacts of increased medical expenses on the benefits budget, it was determined an increase in employee premiums and no employer contribution to the health savings account (HSA) and health reimbursement account (HRA) was appropriate for 2017.

 


Annual Employer Contributions

HSA Tier20152016 2017 2018
Employee Only $500.00 $425.00 $0.00 $0.00
Family $1000.00 $850.00
$0.00 $0.00

Annual IRS Limits

HSA Tier2015
2016 2017 2018
Employee Only $3,350.00 $3,350.00 $3,400.00 ($50 more than 2016) $3,450.00 ($50 more than 2017)
Family $6,650.00 $6,750.00
$6,750.00 (no change) $6,900.00 ($150.00 more than 2017)
Over 55 additional $1,000.00 $1,000.00
$1,000.00 (no change) $1,000.00 (no change)

 

Employees may make changes to their HSA at any time.  Total IRS limits for the year include employer contributions and employee contributions.  If you make deposits to your HSA outside of payroll deduction, those amounts must also be included in your HSA annual limit.

Participants may make a one-time roll-over contribution to their HSA from an IRA account.  There are limits to the amount that can be rolled over; however, this amount does not apply to the annual limit.  Consult a tax advisor or IRS source for more information.

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