The annual limit on deductible contributions to a health savings account will jump by $50 in calendar year 2018 for individuals and $150 for families, according to the IRS.

For 2018, the annual contribution limitation for a person with self-only coverage under a high-deductible health plan is $3,450, up from $3,400 in calendar year 2017, the IRS announced last week. The annual limit on deductible contributions for a person with family coverage under a high-deductible health plan will be $6,900 in 2018, up from $6,750 in 2017.

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