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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

 

 

The information and materials on this blog are provided for informational purposes only and are not intended to constitute legal or tax advice. Information provided in this blog may not reflect the most current legal developments and may vary by jurisdiction. The content on this blog is for general informational purposes only and does not apply to any particular facts or circumstances. The use of this blog does not in any way establish an attorney-client relationship, nor should any such relationship be implied, and the contents do not constitute legal or tax advice. If you require legal or tax advice, please consult with a licensed attorney or tax professional in your jurisdiction. The contributing authors expressly disclaim all liability to any persons or entities with respect to any action or inaction based on the contents of this blog.

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.