On May 4, 2015, the Internal Revenue Service (IRS) releasedRevenue Procedure 2015-30to announce the inflation-adjusted limits for health savings accounts (HSAs) for calendar year 2016. The IRS announced the following limits for 2016:
The maximum HSA contribution limit;
The minimum deductible amount for high deductible health plans (HDHPs); and
The maximum out-of-pocket expense limit for HDHPs.
These limits vary based on whether an individual has self-only or family coverage under an HDHP.
Only some of the HSA limits will increase for 2016. The limits that will increase are the HSA contribution limit for individuals with family HDHP coverage and the maximum out-of-pocketexpense limit for self-only and family HDHP coverage.
Health Savings Accounts:
.
TYPE OF LIMIT
STATUS
2015
2016
CHANGE
HSA Contribution Limit
Individual
$3,350
$3,350
No change
HSA Contribution Limit
Family
$6,650
$6,750
Up to $100
HSA Catch-up Contributions
(not subject to adjustment for inflation)
Age 55 or older
$1,000
$1,000
No change
HDHP Minimum Deductible
Individual
$1,300
$1,300
No change
HDHP Minimum Deductible
Family
$2,600
$2,600
No change
HDHP Maximum Out-of-pocket Expense Limit
(deductibles, copayments and other amounts, but not premiums)
Individual
$6,450
$6,550
Up to $100
HDHP Maximum Out-of-pocket Expense Limit
(deductibles, copayments and other amounts, but not premiums)
Family
$12,900
$13,100
Up to $200
Any additional questions? Please contact your AccesseHR Account Manager
