The IRS has released new 2016 limits for contributions to Health Savings Accounts (HSAs) and associated out-of-pocket expenses for high-deductible health plans (HDHPs). The chart below summarizes the changes, if any, from 2015.

HSA limits blog

 

What do I need to do?

Employers should ensure that employees are aware of the new HSA limits for the upcoming 2016 plan year.

 

Additional Resources

IRS Revenue Procedure Publication 2015-30

 

 

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Bonnie Mangels – Bonnie is the Corporate Counsel and Senior Compliance Manager for Sequoia. When not inundated in paperwork and legal briefs, her interests include arts and crafts, bunnies, and the Bay Area.