by NBS
on October 20, 2017
The IRS issued Revenue Procedure 2017-58 which provides the 2018 cost-of-living adjustments for inflation as provided by the Internal Revenue Code. For plan sponsors of welfare benefit and fringe benefit plans, the most applicable adjustments announced in Revenue Procedure 2017-58 are listed in the following table:
| Cafeteria Plan Limits and Thresholds | ||||
| Health FSAs | 2018 (new) | 2017 (old) | ||
| Maximum Health FSA Salary Reductions | $2,650 | $2,600 | ||
| Adoption Assistance | 2018 (new) | 2017 (old) | ||
| Maximum Exclusion for Employer-Provided Adoption Assistance | $13,840 | $13,570 | ||
| Adoption Tax Credit Limit | $13,840 | $13,570 | ||
| Maximum Exempt from Phased Reduction of Exclusion | $207,580 | $203,540 | ||
| Maximum Allowable for Exclusion and Credit | $247,580 | $243,540 | ||
| Consumer-Driven Health Care Limits and Thresholds | ||||
| Archer MSAs | 2018 (new) | 2017 (old) | ||
| High Deductible Health Plan Deductible‒Single | ||||
| Minimum | $2,300 | $2,250 | ||
| Maximum | $3,450 | $3,350 | ||
| High Deductible Health Plan Deductible‒Family | ||||
| Minimum | $4,600 | $4,500 | ||
| Maximum | $6,850 | $6,750 | ||
| High Deductible Out-of-Pocket Maximum | ||||
| Single | $4,600 | $4,500 | ||
| Family | $8,400 | $8,250 | ||
| QSEHRAs | 2018 (new) | 2017 (old) | ||
| Maximum Reimbursement Allowed | ||||
| Single | $5,050 | $4,950 | ||
| Family | $10,250 | $10,050 | ||
| Fringe Benefit Limits and Thresholds | ||||
| Adoption Assistance | 2018 (new) | 2017 (old) | ||
| Maximum Exclusion for Employer-Provided Adoption Assistance | $13,840 | $13,570 | ||
| Adoption Tax Credit Limit | $13,840 | $13,570 | ||
| Transportation Fringe Benefits | 2018 (new) | 2017 (old) | ||
| Parking | $260 | $255/mo | ||
| Transit Passes & Vanpooling (combined) | $260 | $255/mo | ||
Be sure to check www.nbsbenefits.com/limits for the latest information on all limits related to retirement, health, and welfare benefit plans as well as consumer-driven health care.
