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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.

 

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.