The IRS released official guidance regarding the contribution limits for Health Savings Accounts (HSAs) and requirements for High Deductible Health Plans (HDHPs) for 2017. Below are the amounts as described in Rev. Proc. 2016-28 (available at https://www.irs.gov/pub/irs-drop/rp-16-28.pdf)
Type of Coverage
High Deductible Health Plan Requirements for 2017
Annual HSA Contribution Limit for Calendar Year 2017
Self-only coverage under High Deductible Health Plan
Annual deductible cannot be less than $1,300
Annual out-of-pocket expenses not to exceed $6,550
Family Coverage under High Deductible Health Plan
Annual deductible cannot be less than $2,600
Annual out-of-pocket expenses not to exceed $13,100
As a leader in employee benefits law, Darcy Hitesman founded Hitesman & Wold in order to help public and private employers, insurers and third-party administrators nationwide stay informed and minimize the risk of non-compliance issues.
Hitesman & Wold provides a wealth of legal experience to their clients in the areas of ERISA, COBRA, HIPAA, Health Care Reform, welfare plans, cafeteria plans, HRAs, and VEBAs.