IRS Sets HDHPs & HSA Limits for 2017

IRS Sets HDHPs & HSA Limits for 2017

IRS Logo_2015The IRS has announced the annual Health Savings Account (HSA) contribution limits and High Deductible Health Plan (HDHP) minimum deductible and maximum out-of-pocket limits that will apply in 2017.

  • Individual contributions can increase from $3,350 to $3,400.
  • Maximum contributions for family plans remain the same at $6,750.
  • High deductible plans in 2017 will be those that have an annual deductible of least $1,300 for self-only coverage and $2,600 for family coverage.
  • The annual catch-up contribution of $1,000 for account holders that are 55 or older is unchanged.
  • Out of pocket maximums are unchanged at $6,550 for individuals and $13,100 for families.

It is important that employers pay careful notice to these changes if you offer group health coverage. If you are unsure if your health plan is compliant, please contact an Employee Benefits Expert at FosterThomas HR. Let’s Talk.

HR Compliance, HR Management & Consulting

  • Do you need assistance in understanding and communicating ACA information to your employees?

Our exceptional HR Management Solutions are designed to provide complete and continuous HR compliance, guidance, employee cultivation, training and administration. Gain peace of mind, knowing that your unique human resources needs are being taken care of accurately, by your team of HR experts at FosterThomas HR.


About the Author

FosterThomas is a leading professional services company that provides solutions in the areas of Human Resources Consulting and Outsourcing, HR Staffing, Outsourced Recruiting, Employee Benefits Brokerage, Payroll Implementation and Services, HR for Government Contractors, Business Insurance, HR Compliance and Risk Management. We help organizations by providing solutions designed with a focus on cost containment strategies and increasing HR efficiency. FosterThomas HR Consulting was established in 1993 with offices in Annapolis, Maryland (Corporate), McLean, Virginia and Raleigh, North Carolina. Today, FosterThomas occupies a unique position as a full service provider of HR services.

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