2017 HSA Limits Announced

Written by benefitexpress | April 29, 2016

The IRS has recently issued Revenue Procedure 2016-28, which provides the 2017 cost-of-living contribution and coverage adjustments for HSAs, as required under Code Section 223(g). The only HSA limit to increase for 2017 is the single family annual contribution limit.

Annual HSA Contribution Limits

2016 2017 Coverage Levels
$3,350 $3,400 Individual
$6,750 $6,750 Family
$1,000 $1,000 Catch-up

Annual Maximum Out-Of-Pocket Limits for HDHP

2016 2017 Coverage Levels
$6,550 $6,550 Individual
$13,100 $13,100 Family

Annual Minimum Deductible Amount Limits for HDHPs

2016 2017 Coverage Levels
$1,300 $1,300 Individual
$2,600 $2,600 Family

 

For a copy of Revenue Procedure 2016-28 visit: https://www.irs.gov/pub/irs-drop/rp-16-28.pdf.

Topics: Legislative Update, Health & Wellness