Change is not the order of the day for health savings account (HSA) limits in 2017.
The Internal Revenue Service (IRS) issued its new guidelines for contributions and out-of-pocket expenses for HSAs that are tied to a high-deductible plan this week.
Maximum OOPs for individual and family accounts won’t budget next year, and contributions will remain intact for family plans. Individual contributions increased slightly
Here’s the run-down the details:
Out of pocket maximums are unchanged at $6,550 for individuals and $13,100 for families;
Maximum contributions for family plans remain the same at $6,750;
Individual contributions can increase from $3,350 to $3,400.
High deductible plans in 2017 will be those that have an annual deductible of least $1,300 for self-only coverage and $2,600 for family coverage.