2016 Health Savings Account (HSA) Limits

May 11, 2015

The IRS released Rev. Proc. 2015-30, updating the HSA limits for 2016.

For calendar year 2016, the annual limitation on deductions for an HSA for:
    •    an individual with self-only coverage under a high deductible health plan is $3,350
    •    an individual with family coverage under a high deductible health plan is $6,750.

For calendar year 2016, a “high deductible health plan” is defined as a health plan with an annual deductible that is not less than $1,300 for self-only coverage or $2,600 for family coverage, and the annual out-of-pocket expenses (deductibles, co-payments, and other amounts, but not premiums) do not exceed $6,550 for self-only coverage or $13,100 for family coverage.