The Washington Report
May 16, 2018
IRS Announces 2019 HSA Limits
On May 10, 2018, the Internal Revenue Service (IRS) announced in Revenue Procedure 2018-30 the 2019 inflation-adjusted amounts for Health Savings Accounts (HSAs). For calendar year 2019, the annual limitation on deductions for an individual with self-only coverage under a high-deductible health plan is $3,500. The annual limitation on deductions for an individual with family coverage under a high-deductible health plan is $7,000.
For calendar year 2019, a “high-deductible health plan” is a health plan with an annual deductible that is not less than $1,350 for self-only coverage or $2,700 for family coverage. The annual out-of-pocket expenses (deductibles, copayments, and other amounts, but not premiums) cannot exceed $6,750 for self-only coverage or $13,500 for family coverage.
See the Publications section below for an Aon bulletin on the 2019 HSA limits.
Revenue Procedure 2018-30 is available here.
Spring 2018 Semiannual Regulatory Agendas Released
Federal departments and agencies (e.g., the Department of Labor, Equal Employment Opportunity Commission, Department of the Treasury, Department of Health and Human Services, Pension Benefit Guaranty Corporation, etc.) recently released their Spring 2018 Semiannual Regulatory Agendas. The agendas include regulatory plans and priorities for the next 12 months. Departments and agencies may delay the release of regulations at any time, so it is important to note that projected timelines are estimates and may not be met by the date(s) indicated in the agendas.
A variety of regulations are scheduled to be issued in the months ahead potentially impacting health care, retirement, compensation, and employment. For additional information, please refer to the specific regulatory agendas.
The link to the current Unified Agenda of Regulatory and Deregulatory Actions (i.e., the Spring 2018 Semiannual Regulatory Agendas and Plans, searchable by department and agency) is available here.
IRS Issues 2019 HSA Limits
On May 10, 2018, the Internal Revenue Service (IRS) issued inflation-adjusted limits for contributions to a health savings account (HSA) for calendar year 2019 (Revenue Procedure 2018-30). In addition, the IRS provided revised minimum deductible amounts and maximum out-of-pocket limits.
The Aon bulletin, which contains a chart providing the limits for calendar years 2017 through 2019, is available here.
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