Update: IRS Rescinds Reduction to HSA Limit


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Due to concerns voiced by employers and other stakeholders about the effect of this mid-year revision, the IRS has rescinded the revision and has re-established the contribution limit to HSAs for family plans to the original $6,900.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.