On May 18, 2015 the Internal Revenue Service (IRS) released their inflation-adjusted Health Savings Account (HSA) contribution maximum limits alongside High Deductible Health Plans (HDHP) minimum deductible and out-of-pocket limits for 2016.
IRS Revenue Procedure 2015-30 (http://www.irs.gov/irb/2015-20_IRB/ar07.html) shows that 2016 individual HSA contribution maximum is the same as the 2015 individual HSA contribution maximum, but the 2016 family HSA contribution maximum has increased by $100. As usual, there was no change in the $1,000 amount for catch-up contributions for those 55 and older.
|
Annual Contribution Limit |
2016 |
2015 |
2014 |
2013 |
|
Single |
$3,350 |
$3,350 |
$3,300 |
$3,250 |
|
Family |
$6,750 |
$6,650 |
$6,550 |
$6,450 |
|
Catch-up Contributions |
$1,000 |
$1,000 |
$1,000 |
$1,000 |
If you have strategy or compliance questions on HSAs or FSAs, This email address is being protected from spambots. You need JavaScript enabled to view it. or call us at (303) 369-3200! We’d love to help you take advantage of these great tools.
