It’s tax season! Many HSA utilizers make a one-time annual contribution at this time. Here are your contribution limits for 2016! And, while we’re at it, let’s go ahead and throw in 2017 as well! The contribution limit for an individual went up $50 from 2016 to 2017 – all other contribution amounts and plan minimums remain unchanged.

2016 contribution limits (employer and individual combined)
• Maximum contribution limit for individuals – $3,350
• Maximum contribution limit for families – $6,750
• Age 55 catch-up contributions – $1,000

2016 Minimum HDHP limits
• Minimum deductible for self-only coverage – $1,300
• Minimum deductible for family coverage – $2,600
• Maximum out-of-pocket expenses for individual – $6,550
• Maximum out-of-pocket expenses for family – $13,100

2017 contribution limits (employer and individual combined)
• Maximum contribution limit for individuals – $3,400
• Maximum contribution limit for families – $6,750
• Age 55 catch-up contributions – $1,000

2017 Minimum HDHP limits
• Minimum deductible for self-only coverage – $1,300
• Minimum deductible for family coverage – $2,600
• Maximum out-of-pocket expenses for individual – $6,550
• Maximum out-of-pocket expenses for family – $13,100

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