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IRS Announces 2017 HSA Contribution Limits, QHDHP Minimum Deductibles, QHDHP Out-of-Pocket Maximums

The IRS has announced the 2017 Health Savings Account (HSA) contribution limits, along with the minimum deductible and maximum out-of-Pocket amounts that are required for a plan to be considered a Qualified High-Deductible Health Plan (QHDHP). As a reminder, in order for an individual to participate in an HSA, they must be enrolled in a QHDHP plan. 

 

To whom do these new amounts apply? 
These amounts will apply to all group health plans and insurers who offer an HSA in 2017.

 

What are the new limits for 2017?
Below is a side-by-side comparison of the limits that will apply in 2017 compared to 2016:
 

20172016
Single Family Single Family
Contribution Limits $3,400 (increase $50) $6,750 (no change) $3,350 $6,750
Minimum Deductibles $1,300 (no change) $2,600 (no change) $1,300 $2,600
Maximum OOP* $6,550 (no change) $13,100 (no change) $6,550 $13,100


*Please note that the non-HDHP maximum OOP amounts are set at $7,150/$14,300 for 2017.

 

If you have any questions, please contact your Client Solutions team.

 

Compliance Quarterly is being provided as an informational tool. It is recommended that plans consult with their own experts or counsel to review all applicable federal and state legal requirements that may apply to their group health plan. By providing this publication and any attachments, Meritain Health is not exercising discretionary authority over the plan and is not assuming a plan fiduciary role, nor is Meritain Health providing legal advice.