via Lockton Benefit Group Compliance Services
The IRS has released the inflation-adjusted contribution and related amounts for health savings accounts (HSAs) and HSA-compatible high-deductible health plans, or HDHPs, for 2016. These limits are tied to changes in the Consumer Price Index by application of the cost-of-living adjustment rules. The limits for 2016 are set forth below:
2016 HSA-Related Limits
Annual HSA Contribution Maximum: $3,350 for single coverage, $6,750 for family coverage (maximum for single coverage unchanged from calendar year 2015; maximum for family coverage increased from $6,650)
Annual Catch-Up Contribution Maximum: $1,000 for HSA-eligible individuals age 55 or older (no change from calendar year 2015)
HDHP Minimum Deductible: $1,300 for single coverage, $2,600 for family coverage (no change from calendar year 2015)
HDHP Out-of-Pocket Maximum: $6,550 for single coverage, $13,100 for family coverage (increase from $6,450 and $12,900, respectively; for plans with non-calendar year plan years, the increase in out-of-pocket maximums applies for the plan year beginning in 2016)
