IRS Announces HSA Contribution & Coverage Limits for 2016
IRS has issued Revenue Procedure 2015-30, which provides the 2016 cost-of-living contribution and coverage adjustments for HSAs, as required under Code Section 223(g). The family annual contribution limits and the annual out-of-pocket limits have all been increased for 2016.
Annual HSA Contribution Amounts
2015 2016 Coverage Levels
$3,350 $3,350 Individual
$6,650 $6,750 Family
$1,000 $1,000 Catch-up
Annual Maximum Out-Of-Pocket Limits for HDHP
2015 2016 Coverage Levels
$6,450 $6,550 Individual
$12,900 $13,100 Family
Annual Minimum Deductible Amount Limits for HDHP
2015 2016 Coverage Levels
$1,300 $1,300 Individual
$2,600 $2,600 Family
For a copy of Revenue Procedure 2015-30, please click here.
If you have any comments or questions regarding any of above information, please do not hesitate to call me (708) 717-9638 or e-mail me at larry@larrygrudzien.com
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