Update: IRS Rescinds Reduction to HSA Limit

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Escape has an important update to our blog regarding Contribution Reductions to HSA limit.

Due to concerns voiced by employers and other stakeholders about the effect of this mid-year revision, the IRS has rescinded the revision and has re-established the contribution limit to HSAs for family plans to the original $6,900. Information can be found on the IRS website in this document: Revenue Procedure RP-18-27.

If you have made any changes in Escape to accommodate this reduction, those changes will need to be amended.