Compliance Briefing Center

Regulatory Updates

{Making it Easier for You
to Manage Benefits}

IRS Announces Increased 2016 HSA Index Figures

On May 4, 2015 the IRS released the new Health Savings Account (HSA) index figures for 2016.The 2016 index includes increases to the family contribution limits and maximum out-of-pocket expenses. The maximum annual contribution limit for individual coverage and minimum annual deductible for both individuals and families remains the same.

The IRS provides this early release to help plan sponsors and participants budget for the upcoming year. See the table below for details and the IRS Revenue Procedure publication (RP-2015-30) for the text of the 2016 index figures.

2016 Health Savings Account Index Figures

 
2015
2016

  Minimum deductible amounts for the qualifying high-deductible health plan (HDHP)

  Individual coverage
$1,300
$1,300
  Family coverage
$2,600
$2,600

  Maximum contribution levels

   
  Individual coverage
$3,350
$3,350
  Family coverage
$6,650
$6,750
  Catch-up contribution allowed for those 55 and over
$1,000
$1,000

  Maximums for HDHP out-of-pocket expenses

   
  Individual coverage
$6,450
$6,550
  Family coverage
$12,900
$13,100

 

Click here to go to RP-2015-30

Click here for a chart containing historical HSA index figures dating back to 2004.

Click here to download a copy of this update.