2017 HSA Guidelines Released

May 31, 2016 | Health Savings Accounts | 0 comments

HSA-piggy-bank-300-150x150The 2017 health savings account (HSA) guidelines were recently released by the Internal Revenue Service (IRS). These guidelines outline the inflation-adjusted contribution, deductible, and out-of-pocket spending limits for Health Savings Accounts (HSAs) and high-deductible health plans (HDHPs) for calendar year 2017.

Except for the annual contribution limit for self-only coverage, which increased from $3,350 in 2016 to $3,400 in 2017, all other deductible, out-of-pocket and annual contribution limits remain unchanged in 2017.

These limits are updated annually and reflect cost-of-living adjustments.

2017 HSA contribution limits

  • $3,400 for individual coverage (increase of $50 from 2016)
  • $6,750 for family coverage (no change from 2016)

2017 HSA catch-up contributions (age 55 or older)

  • $1,000 (no change from 2016)

Minimum deductible requirements for HSA eligibility:

  • $1,300 for self-only coverage (no change from 2016)
  • $2,600 for family coverage (no change from 2016)

Maximum out-of-pocket limitations for HSA eligibility:

  • $6,550 for individual coverage (no change from 2016)
  • $13,100 for family coverage (no change from 2016)

 

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