IRS Announces 2017 HSA Contribution Limits

By Michael Berwanger, JD, Director, Quality Management & Compliance

The IRS has released the 2017 cost-of-living adjusted limits for health savings accounts (HSAs) and high-deductible health plans (HDHPs). The only change from 2016 is a $50 increase in the annual HSA contribution limit for individuals with self-only HDHP coverage. All of the other amounts are unchanged from 2016.

HSA, HSAs, HDHP, HDHPs, 2017 contributions

 

For guidance on HSAs, please review the IRS frequently asked questions page at https://www.irs.gov/publications/p969/ar02.html or contact Jason at jclarke@medcost.com.

 

*Rev. Proc. 2016-28 (Apr. 28, 2016), available at https://www.irs.gov/pub/irs-drop/rp-16-28.pdf
**Rev. Proc. 2015-30 (May 5, 2015), available at https://www.irs.gov/irb/2015-20_IRB/ar07.html

 

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