IRS Logo_2015The IRS has announced the annual Health Savings Account (HSA) contribution limits and High Deductible Health Plan (HDHP) minimum deductible and maximum out-of-pocket limits that will apply in 2017.

    • Individual contributions can increase from $3,350 to $3,400.
    • Maximum contributions for family plans remain the same at $6,750.
    • High deductible plans in 2017 will be those that have an annual deductible of least $1,300 for self-only coverage and $2,600 for family coverage.
    • The annual catch-up contribution of $1,000 for account holders that are 55 or older is unchanged.
    • Out of pocket maximums are unchanged at $6,550 for individuals and $13,100 for families.

    It is important that employers pay careful notice to these changes if you offer group health coverage. If you are unsure if your health plan is compliant, please contact an Employee Benefits Expert at FosterThomas HR. Let’s Talk.

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