The IRS released this week the inflation adjusted limits for health savings accounts (maximum contributions) and HSA-compatible health plans (minimum deductibles and maximum out-of-pocket costs).
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2016 IRS Limits* |
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Type of Limit |
Single Plan |
Family Plan |
| Maximum HSA Contribution Limit | $3,350 ($3,350) | $6,750 ($6,650) |
| Minimum Health Plan Deductible | $1,300 ($1,300) | $2,600 ($2,600) |
| Maximum Health Plan Out-of-Pocket | $6,550 ($6,450) | $13,100 ($12,900) |
| Catch-up Contribution (Age 55+) | $1,000 ($1,000) | $1,000 ($1,000) |
*2015 Limits in parentheses
For official word from the IRS refer to http://www.irs.gov/pub/irs-drop/rp-15-30.pdf