IRS Issues 2017 Indexed Amounts for HSAs

The HSA contribution limits for 2017 will be the same as the 2016 limits for family HDHP coverage, but will increase by $50 for single HDHP coverage. The Treasury Department and Internal Revenue Service issued new guidance on the maximum contribution levels for Health Savings Accounts (HSAs) and out-of-pocket spending and deductible limits for High Deductible Health Plans (HDHPs) that must be used in conjunction with HSAs. The 2017 limits are set forth in Revenue Procedure 2016-28.These limits have changed only minimally because changes in the Consumer Price Index were very small for the relevant period under the statutory formula.

High Deductible Health Plans

Maximum Contribution Limits Under Age 55

 
2016
2017
Single HDHP
$3,350
$3,400
Family HDHP
$6,750
$6,750
 
Maximum Contribution Limits Age 55 and Older
 
2016
2017
Single HDHP
$4,350
$4,400
Family HDHP
$7,750
$7,750
 

HSA Catch-Up Contributions

 
2016
2017
Age 55 and Older
$1,000
$1,000

 

 
Minimum Annual
Maximum Annual
 
Deductible
Out-of-Pocket Expenses
Single Coverage
$1,300
$1,300
$6,550
$6,550
Family Coverage
$2,600
$2,600
$13,100
$13,100