2016 HSA Contribution Limits

IRS Releases HSA Contribution Limits for 2016

Health Savings Account (HSA) Contribution Limits

  • Single Coverage $3,350 (same as 2015)
  • Family Coverage $6,750  (up from $6,650 in 2015)
  • Catch-up Contribution $1,000 (available for ages 55 & older)

 

High Deductible Health Plan (HDHP) Minimum Deductible

  • Single Coverage $1,300 (same as 2015)
  • Family Coverage $2,600 (same as 2015)

 

High Deductible Health Plan (HDHP) Out-of-Pocket Maximum

  • Single Coverage $6,550 (up from $6,450 in 2015)
  • Family Coverage $13,100 (up from $12,900 in 2015)

 

HSA limits are updated annually to reflect cost-of-living adjustments. Revenue Procedure 2015-30 outlines the contribution limits. The dollar amount increase takes effect January 1, 2016 for the calendar year.

Sincerely,

 

The BeneFLEX Team