Monthly Archives: October 2017

2018 HSA Guidelines & More

The Treasury Department and Internal Revenue Service (IRS) issued the 2018 guidelines on the maximum contribution levels for Health Savings Accounts (HSAs), the minimum deductible amounts and the out-of-pocket maximum amounts.

The 2108 requirements are:

HSA Contribution Limits

  • Individual Contribution Limit: $3,450
  • Family Contribution Limit: $6,900

HSA Deductible Amounts

  • Individual Minimum Deductible: $1,350
  • Family Minimum Deductible: $2,700

HSA Out-of-Pocket (OOP) Amounts

  • Individual OOP Maximum: $6,650
  • Family OOP Maximum: $13,300

Please note: an individual or family plan that meets the deductible and out-of-pocket requirements, doesn’t necessarily qualify one to open an HSA. A plan designated as High Deductible Health Plan (HDHP) will meet these and other requirements necessary for HSA participation. Make sure your plan has HDHP included in its name and/or summary of benefits.

HDHP plans are available through the ACA (CoveredCA and private market) from many carriers and typically are found in the Bronze level of plans, a lower premium category. With rising premiums, HDHP plans coupled with a HSA account, may provide a more balanced long term health insurance solution.

For more information about HSA’s and how they work, visit our web page:

“feet dragging” and “nightmarish”

These are words used repeatedly to describe the lack of response and guidance on proclamations made by President Trump over the last many months about changes to the Affordable Care Act. And time is running out for this year.

We do know that in California, Open Enrollment will start November 1, 2017 and run through January 31, 2018.  Open enrollment is the time when individuals can enroll in coverage for the first time or change plans for the 2018 plan year. If you enroll by December 15th, coverage can start January 1, 2018. (Enroll by Jan 15th for Feb 1 start date and by January 31 for March 1 start date).

Carriers have been preparing. Anthem Blue Cross announced last month that they will be leaving the market in most CA counties. Most other carriers have prepared two sets of rates for 2018, one for business as usual and the other if the White House follows through with threats to pull federal subsidies and allow for waivers. In both cases, there will be increases with the latter being greater. California, having one of the more successful state-run marketplaces (CoveredCA), is in a better position than most states. California’s active private market (that offers more plan options, a streamlined enrollment process but no subsidies), will offer two PPO plans in addition to multiple HMO’s  in most counties.

With the delay and uncertainty mentioned above we do not expect carriers to release approved rates before open enrollment begins. Quoting services like the one we use, are gearing up to have all rates and plan information verified and ready for comparisons and release November 1, 2018.

We of course will once again be helping clients and your referrals with their health insurance decisions this open enrollment season. Feel free to visit our web site for quotes and information. OnlyHealthInsurance

Phone appointments with me can also be scheduled using my online scheduler: Make Appointment with Phil

Thank you.

Phil Dougherty