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2017 Health Savings Account Cost of Living Adjustments

Authored by Mary Ellen Schill, May 1, 2016
Filed under Business Transactions, Employment, Benefits & Labor Relations
The content in the following publication is based upon the state of the law at the time of its original publication. As legal developments change quickly, the content in these publications may not remain accurate as laws change over time. None of the information contained in these publications is intended as legal advice or opinion relative to specific matters, facts, situations, or issues. You should not act upon the information in these publications without discussing your specific situation with legal counsel.

The Internal Revenue Service on April 29th announced the cost-of-living adjustments for the HSA contribution limits and for High Deductible Health Plan (HDHP) deductibles and out-of-pocket maximums for 2017.

 

HSA/HDHP Requirement

Cost-of-Living Adjustments

Limit on HSA Contributions - Self-only HDHP

2016 - $3,350

2017 - $3,400

Limit on HSA Contributions - Family HDHP

2016 - $6,750

2017 - $6,750

HDHP Required Deductible - Self-only HDHP

2016 - $1,300

2017 - $1,300

HDHP Required Deductible - Family HDHP

2016 - $2,600

2017 - $2,600

HDHP Out-of-pocket Maximum - Self-only HDHP

2016 - $6,550

2017 - $6,550

HDHP Out-of-pocket Maximum - Family HDHP

2016 - $13,100

2017 - $13,100

HSA Catch-up Contribution Limit

2016 - $1,000

2017 - $1,000

 

All of the above are for calendar year 2017.

 

For further information, please contact Attorney Mary Ellen Schill, who prepared this article, or any of the attorneys within the Employment, Benefits & Labor Relations Practice Group of Ruder Ware.

© 2016 Ruder Ware, L.L.S.C. Accurate reproduction with acknowledgment granted. All rights reserved.
This document provides information of a general nature regarding legislative or other legal developments, and is based on the state of the law at the time of the original publication of this article. None of the information contained herein is intended as legal advice or opinion relative to specific matters, facts, situations, or issues, and additional facts and information or future developments may affect the subjects addressed. You should not act upon the information in this document without discussing your specific situation with legal counsel.