In Revenue Procedure 2016-28 the IRS provided updated numbers for 2017 for health savings accounts and the related high deductible health plans.
The annual contribution limits for 2017 for health savings accounts under IRC §223(b)(2)(A) will be:
- Self-only coverage: $3,400
- Family coverage: $6,750
The minimum deductible for a high deductible health plan under IRC §223(c)(2)(A) for 2017 will be:
- Self-only coverage: $1,300
- Family coverage: $2,600
The maximum out of pocket expenses, including deductible, co-payments and other items except premiums for a high deductible health plan for 2017 may not exceed:
- Self-only coverage: $6,550
- Family coverage: $13,100
Aside from the maximum contribution for an individual with self-only coverage, which rose by $50, the above limits are the same as the 2016 amounts.