Health Savings Accounts


IRS Releases 2016 HSA Limits

IRS Releases 2016 HSA Limits

On May 4, 2015, the Internal Revenue Service (IRS) released Revenue Procedure 2015-30 which details the inflation-adjusted amounts that impact qualified high deductible health plans and Health Savings Accounts (HSAs) for the 2016 calendar year, as outlined below: These limits are updated annually and reflect cost-of-living adjustments. HSA contribution limits $3,350 for individual coverage (no change from 2015) […]