Changes to 2016 HSA Contribution Limits

The Internal Revenue Service (IRS) announced limits for 2016 on contributions to health savings accounts (HSAs) and for out-of-pocket spending under high-deductible health plans (HDHPs) linked to them. 

In summary, HDHP maximum out-of-pocket amounts have increased by $100 for individuals (from $6,450 to $6,650) and by $200 for families (from $12,900 to $13,100.  Also, the HSA contribution limit for families has also increased by $100 from $6,650 in 2015 to $6,750 in 2016. 

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To learn more about the limits, please visit the IRS website

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