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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 Thursday, April 26, the Internal Revenue Service (IRS) released Revenue Procedure 2018-27 that reverts the HSA family plan contribution limit for 2018 back to $6,900 as originally issued in May 2017. Learn more.

2018 IRS Limits

  2017 IRS HSA Limits 2018 IRS HSA Limits
Maximum Contribution Limit $3,450 $6,900
Minimum Deductible $1,350 $2,700
Maximum
Out-of-Pocket
$6,650 $13,300
Catch-up Contribution (55+) $1,000 $1,000

2019 IRS Limits

 
Maximum Contribution Limit $3,500 $7,000
Minimum Deductible $1,350 $2,700
Maximum
Out-of-Pocket
$6,750 $13,500
Catch-up Contribution (55+) $1,000 $1,000

Flexible Spending Account (FSA) - IRS Limits

2018 Maximum Contribution:

$2,650

Dependent Care Flexible Spending Account (DCFSA) - IRS Limits

2018 Maximum Contribution:

$2,500

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

Commuter Benefits -
IRS Limits

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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