The IRS released the 2017 Health Savings Account contribution limits, the minimum required HDHP deductibles, and the out-of-pocket maximums. Each year, the IRS reviews these figures based on a cost-of-living adjustment.

The figures below pertain to HSA’s and HSA-qualified High Deductible Health Plans.

2017 Annual HSA Contribution Limits

Single: $3,400 ($50 increase from 2016)

Family: $6,750 (unchanged from 2016)

2017 Annual Minimum HDHP Required Deductibles

Single: $1,300 (unchanged from 2016)

Family: $2,600 (unchanged from 2016)

2017 HDHP Out-of-Pocket Maximums

Single: $6,550 (unchanged from 2016)

Family: $13,100 (unchanged from 2016)

All High Deductible Health Plans and Health Savings Accounts with Smola Consulting Clients will be compliant with these 2017 IRS updates.

More information can be found at:

https://www.irs.gov/pub/irs-drop/rp-16-28.pdf