On 4/28/2016, the IRS released Revenue Procedure 2016-28, which announced the new 2017 health savings account (HSA) contribution and high-deductible health plan (HDHP) limits.
2017 Annual HSA Contribution Limits
$3,400 for self-only coverage under a HDHP (increase of $50 from 2016)
$6,750 for family coverage under a HDHP (same as 2016)
2017 Annual HDHP Minimum Deductibles
$1,300 for self-only coverage (same as 2016)
$2,600 for family coverage (same as 2016)
These limits will be effective 1/1/2017.
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.