2016 Health Savings Account Cost of Living Adjustments
By Mary Ellen Schill
May 4, 2015
The Internal Revenue Service today announced the cost-of-living adjustments for the HSA contribution limits and for High Deductible Health Plan (HDHP) deductibles and out-of-pocket maximums for 2016.
HSA/HDHP Requirement | Cost-of-Living Adjustments |
Limit on HSA Contributions – Self-only HDHP | 2015 – $3,350
2016 – $3,350 |
Limit on HSA Contributions – Family HDHP | 2015 – $6,650
2016 – $6,750 |
HDHP Required Deductible – Self-only HDHP | 2015 – $1,300
2016 – $1,300 |
HDHP Required Deductible – Family HDHP | 2015 – $2,600
2016 – $2,600 |
HDHP Out-of-pocket Maximum – Self-only HDHP | 2015 – $6,450
2016 – $6,550 |
HDHP Out-of-pocket Maximum – Family HDHP | 2015 – $12,900
2016 – $13,100 |
HSA Catch-up Contribution Limit | 2015 – $1,000
2016 – $1,000 |
All of the above are for calendar year 2016.
For further information, please contact Attorney Mary Ellen Schill, who prepared this article, or any of the attorneys within the Employment, Benefits & Labor Relations Practice Group of Ruder Ware.
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