
2017 HSA Contribution Limits
September 8, 2016
The IRS recently released the cost-of-living adjustments for health savings accounts (HSAs) and qualified high-deductible health plans (HDHPs) for the 2017 calendar year.
2017 Annual HSA Contribution Limit
- $3,400 for self-only HDHP coverage; and
- $6,750 for family HDHP coverage.
- $1,000 for catch-up contributions (age 55 or older).
Definition of High Deductible Health Plan (HDHP)
- Annual deductible ≥ $1,300 for self-only coverage or  ≥ $2,600 for family coverage; and
- Annual out-of-pocket expenses (deductibles, coinsurance, copays, and other amounts, not including premiums) do not exceed $6,550 for self-only coverage or $13,100 for family coverage.
The $50 increase in the annual HSA contribution limit for individuals with self-only HDHP coverage is the only change from 2016. All of the other amounts are unchanged.
The views and opinions expressed within are those of the author(s) and do not necessarily reflect the official policy or position of Parker, Smith & Feek. While every effort has been taken in compiling this information to ensure that its contents are totally accurate, neither the publisher nor the author can accept liability for any inaccuracies or changed circumstances of any information herein or for the consequences of any reliance placed upon it.
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