2016 HSA Maximums, Minimums, and Limits

Written by Jessica Adkins

May 7, 2015

According to the IRS Notice for Revenue Procedure (2015-30), the 2016 calendar year inflation adjusted amounts for HSA’s have been released. HSA annual limitation on deductions for an individual with self only coverage (under a high deductible plan) is $3,350. For an individual with family coverage (under a high deductible plan), the annual limitation is set at $6,750.

A “high deductible health plan” defined by the IRS, is a health plan with an annual deductible that is not less than $1,300 for self-only coverage, or $2,600 for family coverage. See below for specifics on minimum deductibles, maximum annual contribution levels, and maximum out of pockets.

2016 Minimum Deductibles
– Individual – $1,300
– Family – $2,600

2016 Maximum Annual Contribution
– Individual – $3,350
– Family – $6,750
– “Catch up” amount for 55+ account holders is $1,000

2016 Maximum Out of Pocket
– Individual $6,550
– Family – $13,100

For more guidance on HSA’s and compliant health plans, please read the IRS Notice in it’s entirety by clicking here. Or call your local ACA & Group Health Expert at 1-800-962-4693.


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