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Monday, 09 May 2016 03:18

HSA Contribution Limits for 2017 Set

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On April 29, 2016, the IRS provided inflation-adjusted HSA contribution limits for 2017, as well as the HDHP minimum deductible and maximum-out-of-pocket expenses associated with HSA's. Click here for the IRS publication.  
 
The contribution limits for HSA's in 2017 will increase by $50 for self-only coverage.  Family contributions to HSA's will remain unchanged, as will the minimum deductible and maximum-out-of-pocket expenses for the High Deductible Health Plans (HDHP).  All changes are based on cost-of-living adjustments determined by the IRS.
 
A comparison of the last several years is shown below:

 

 

2017

 

2016

 

2015

 

HSA Contribution Limit (employer + employee)

 

 

Self-only $3,400

Family $6,750

 

Self-only $3,350

Family $6,750

 

Self-only $3,4350

Family $6,650

 

HSA catch-up contributions

 (age 55 or older)*

 

 

$1,000

 

$1,000

 

$1,000

 

HDHP minimum deductibles

 

 

 

Self-only: $1,300

Family $2,600

 

Self-only: $1,300

Family $2,600

 

Self-only: $1,300

Family $2,600

 

HDHP maximum out-of-pocket amounts (deductibles, co-payments and other amounts, but not premiums)

 

 

 

Self-only: $6,550

Family $13,100

 

 

Self-only: $6,550

Family $13,100

 

 

Self-only: $6,450

Family $12,900

 

*Catch up contributions can be made any time during the year the HSA participant turns 55.

 


Please This email address is being protected from spambots. You need JavaScript enabled to view it.or call us at (303) 369-3200 if you have any compliance or strategy questions.  We’d love to work with you to maximize these tax-advantaged strategies.
 
Read 2920 times Last modified on Monday, 14 September 2020 19:54
Susan Shepard

Susan is our Operations Manager, directing many of our administrative functions and enabling our client management team to spend more time directly with their customers. Susan received a Bachelor of Science degree in Industrial Design from Arizona State University. Susan joined Fall River in 2015.

She is a native of Pennsylvania, but has lived in Texas, Germany, Arizona and California. An avid crafter, Susan loves scrapbooking, card making, knitting and crocheting, bicycling, golfing and reading, in addition to spending time with her husband and three grown children.