The Internal Revenue Service (IRS) has announced that the 2018 annual limitation on health savings account (HSA) contributions by individuals with family coverage under a high deductible health plan (HDHP) is now $6,850. This limit was previously announced as $6,900, but has been revised downward due to an inflation adjustment provision in the Tax Cuts and Jobs Act. The 2018 annual limitation on HSA contributions by an individual with self-only coverage under a HDHP remains unchanged at $3,450.
With the recent suspension of the health insurance provider fee for 2019, the Connecticut Insurance Department instructed health insurance carriers operating in the Small Group market to re-file 2nd, 3rd and 4th quarter 2018 rates, as a portion of those rates included dollars earmarked for the 2019 fee. This will result in a Rate reduction for 2018 2nd, 3rd, & 4th quarter
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Source: HR 360, Inc.
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