Changes to 2016 HSA Contribution Limits
Posted on: 11/4/2015 11:26 AM
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.
To learn more about the limits, please visit the IRS website.