2017 HSA Contribution Limits

The IRS has issued inflation-adjusted Health Savings Account figures for 2017. Revenue procedure 2016-28 provides as follows:

Annual contribution limitation for 2017

For calendar year 2017, the limit on deductions, for an individual with self-only coverage under a high deductible health plan, is $3,400. For calendar year 2017, the limitation on deductions, for an individual with family coverage under a high deductible health plan, is $6,750.

High deductible health plan for 2017

For calendar year 2017, a HSA qualified high deductible health plan (HDHP) is defined, as a health plan with an annual deductible that is not less than $1,300 for self-only coverage, or $2,600 for family coverage, and the annual out-of-pocket (deductibles, co-payments, and other amounts, but not premiums) do not exceed $6,550 for self-only coverage, or $13,100 for family coverage.

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About Christopher Johnson

Christopher manages the consulting services department of J.W.Terrill providing regulatory, analytical, technical and wellness support to clients.

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