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
The following adjustments apply to the calendar year 2016, as compared to 2015:
2016/2017 Catch-up Contributions (age 55 and older): $1,000