Archived Insight | May 12, 2016

2017 Minimums and Maximums for Health Savings Accounts

The Internal Revenue Service (IRS) has released Revenue Procedure 2016-28, which announces inflation-adjusted amounts for 2017 for the maximum annual contribution to Health Savings Accounts (HSAs) and the maximum out-of-pocket expense for High-Deductible Health Plans (HDHPs) for individual and family coverage. In general, the numbers are the same as 2016, with one exception: the HSA contribution limit for individuals will be higher. Revenue Procedure 2016-28 will be published in Internal Revenue Bulletin 2016-20 on May 16, 2016.

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This page is for informational purposes only and does not constitute legal, tax or investment advice. You are encouraged to discuss the issues raised here with your legal, tax and other advisors before determining how the issues apply to your specific situations.

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