IRS Announces HSA/HDHP Limits for 2017

OVERVIEW

On April 29, 2016, the (IRS) released REVENUE PROCEDURE 2016-28 to announce the inflation-adjusted limits for health savings accounts (HSAs) and high deductible health plans (HDHPs) for 2017. These limits include:

  • The maximum HSA contribution limit;
  • The minimum deductible amount for HDHPs; and
  • The maximum out-of-pocket expense limit for HDHPs.

These limits vary based on whether an individual has self-only or family coverage under an HDHP. Due to low inflation most levels are remaining the same as in 2016 with the exception of the HSA Maximum Contribution Limit for a self-only account which is increasing from $3,350 to $3,400.

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