Learn about changes to the 2018 health savings account benefit.

HSA accounts allow money to be set aside on a pre-tax basis to pay for qualified medical expenses. Recently, the Internal Revenue Service (IRS) provided inflation-adjusted health savings account (HSA) contribution limits as well as minimum deductible and maximum out-of-pocket expenses for high-deductible health plans (HDHP).

The Annual HSA contribution limits and changes to HDHP for 2018 are:

  • HSA contribution limit, self-only, $3,450 (an increase of $50 from 2017)
  • HSA Family, $6,900 (an increase of $150 from 2017)
  • HDHP minimum deductible for self-only, $1,350 (an increase of $50 from 2017)
  • HDHP minimum deductible for family, $2,700 (an increase of $100 from 2017)
  • HDHP maximum out-of-pocket* amounts for self-only, $6,650 (an increase of $100 from 2017)
  • HDHP maximum out-of-pocket* amounts for family, $13,300 (an increase of $200 from 2017)

There are no changes to HSA catch-up contributions for people age 55 or older. The limit is still $1,000.

The following treatments, services and products are eligible expenses covered by an HSA:

Services                                            Treatments                                     Products

Hospital services                          Preventive screenings                Asthma equipment

Laboratory fees                            Dental care                                     Birth control

Lactation consulting                  Addiction                                        Vision supplies

Ultrasounds                                   Natural medical procedures     Diabetic equipment and supplies

Speech therapy                            Chiropractic                                   First aid supplies

Smoking cessation programs   Counseling                                    Hearing aids and batteries

Psychologist services                  Eye exams/surgery/care            Medical alert jewelry and

Preventive care services             Pre-existing conditions             membership fees

Physical therapy                            Immunizations                             Prescription medications

Hospice care                                   Home-health nurse visits         Sunscreen

Visit https://www.irs.gov/pub/irs-pdf/p502.pdf for a complete list of eligible HSA expenses.

* Qualified out-of-pocket expenses include deductibles, co-payments and other amounts, but not premiums.