As your Medical Billing Service proving end to end Revenue Cycle Management services, we know some of our clients depend on our office for more than daily billing and coding matters.  As such, we try to keep those clients abreast of any changes that may affect their private practice.

The 2018 health savings account (HSA) guidelines were recently released by the Internal Revenue Service (IRS). These guidelines outline the inflation-adjusted contribution, deductible, and out-of-pocket spending limits for Health Savings Accounts (HSAs) and high-deductible health plans (HDHPs) for calendar year 2018.

2018 HSA Overview

    • Minimum deductible:
      • Compliant HSA plan examples:
        • One plan for self-only and family with an embedded deductible, the minimum deductibles are: $2,700 individual and $2,700 family
        • One plan for self-only and family with a non-embedded deductible, the minimum deductibles are: $1,350 individual and $2,700 family  
        • $1,350 for self-only coverage (versus $1,300 in 2017)
        • $2,700 for family coverage (versus $2,600 in 2017)
        • $2,700 for embedded individual deductible (versus $2,600 in 2017) 
      • Out-of-pocket maximum:
        • $6,650 for self-only coverage (versus $6,550 in 2017)
        • $13,300 for family coverage  (versus $13,100 in 2017)
        • $6,650 for embedded individual out-of-pocket maximum (versus $6,550 in 2017)
        • Compliant HSA/ACA plan examples:
          • One plan for self-only and families with an embedded out-of-pocket maximum, the maximum amounts are: $6,650 individual and $13,300 family
          • One plan for self-only and family with a non-embedded deductible, the maximum amounts are: $6,650 individual and $7,350 family
      • Watch for the intersection of the HSA and Affordable Care Act (ACA) rules. The 2018 ACA maximum is $7,350 for individual and $14,700 family (versus $7,150 individual and $14,300 family in 2017).
  •  HSA contribution limits:
    • $3,450 for self-only coverage (versus $3,400 in 2017)
    • $6,900 for family coverage (versus $6,750 in 2017)
    • The annual “catch-up” contribution amount for individuals age 55 or older will remain $1,000.

While MBO doesn’t manage HSA’s, we certainly want to keep you informed of any public changes.  These are things you can speak with your broker about.

If YOU are not already a client of MBO, and if you’re looking for a professional and established billing department for your Medical Practice, give us a call at 573.634.7155.