Home Workforce Weekly 2017 Inflation Adjustments Announced for HDHPs and HSAs

2017 Inflation Adjustments Announced for HDHPs and HSAs

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Sam Melamed, Insurance Trust CEO

The Internal Revenue Service announced the 2017 inflation adjustments for High Deductible Health Plans (HDHPs) and Health Savings Accounts (HSAs). These adjustments include maximum HSA contributions, minimum deductible amounts and maximum out-of-pocket limits.

High Deductible Health Plans
In 2017, an HSA-compatible HDHP is a health plan with:

  • An annual deductible that is not less than $1,300 for self-only coverage or $2,600 for family coverage, and;
  • The annual out-of-pocket expenses (deductibles, copayments and other amounts, but not premiums) do not exceed $6,550 for self-only coverage or $13,100 for family coverage

2016 Requirements
The following adjustments apply to the calendar year 2016, as compared to 2015:

chart 1

2016/2017 Catch-up Contributions (age 55 and older): $1,000

Build Houston Administrator
Build Houston Magazine is a bi-monthly magazine published by Associated Builders & Contractors of Greater Houston. The magazine features articles about construction industry trends, laws and legal issues that affect the industry, safety news, financial news as well as company news related to new hires, promotions, project awards, special recognition, and other noteworthy information. Build Houston has a distribution of over 4,700 and a readership base of over 14,000 construction professionals.

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