Log in / Register
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.