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IRS trims family HSA limit by $50 for 2018

The family contribution limit for health savings accounts in 2018 was reduced to $6,850 from $6,900, said a recent announcement from the Internal Revenue Service.

The change, announced March 5, is the result of a provision in the 2017 tax reform bill that "changed the way inflation-related increases are calculated," said an announcement from PayFlex, an HSA provider and provider to Crain Communications Inc., the Detroit-based publishing company and parent of Pensions & Investments.

The individual contribution limit has not changed since the IRS announced HSA contribution limits in 2017. The individual contribution limit to HSAs in 2018 remains $3,450.