IRS Releases 2017 Health Savings Account Limits

May 4, 2016
3 min read

The Internal Revenue Service (IRS) issued new guidelines for contributions and out-of-pocket expenses (OOPs) for health savings account (HSA) limits in 2017.

Maximum OOPs for individual and family accounts tied to high-deductible plans will not change in 2017, and contributions will remain intact for family plans as well. Individual contributions will only increase moderately.

 A quick breakdown of the new guidelines highlights the following:

  • Out-of-pocket maximums are unchanged at $6,550 for individuals and $13,100 for families;
  • Maximum contributions for family plans remain the same at $6,750;
  • Individual contributions can increase from $3,350 to $3,400.

High deductible plans will be defined as plans that have an annual deductible of at least $1,300 for self-only coverage and $2,600 for family coverage.

HSAs are open to all men and women enrolled in a high-deductible health insurance program (exceeding $1,300 for individuals and $2,600 for family) aside from those policyholders currently covered by Medicare or listed as a dependent.

For both 2015 and 2016, IRS regulations mandating the potential contributions on plans covering families increased $100 annually. Individual restrictions, meanwhile, increased by $50 in 2015, and remained stable for 2016.

The annual fluctuations of HSA contribution levels are based directly upon federal cost of living adjustments. They will be applied for the calendar year of 2017.

If you have questions regarding these guidelines, feel free to call us today at 1-800-250-2741 ext.170, or email us at with questions. You may also post questions below. Our blog is moderated by subject matter specialists who will reply to questions within 24 hours.

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