Benefits and Compensation

IRS Announces 2017 HSA Contribution Limits

In Revenue Procedure 2016-28, the IRS recently announced the 2017 contribution limits for Health Savings Accounts (HSAs):

For self-only plans, the 2017 contribution limit (employer + employee) is $3,400; this represents a $50 increase over the 2016 limit. For family plans, the 2017 limit remains unchanged from the 2016 amount of $6,750.

For both 2016 and 2017, the IRS is defining a high-deductible health plan (HDHP) as one with an annual deductible of not less than $1,300 for self-only coverage or $2,600 for family coverage.

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