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Employee Benefits

EMPLOYEE BENEFITS

IRS Announces HSA/HDHP Limits for 2017

Posted by Mick Rodgers

HIGHLIGHTS

  • Each year, the IRS announces inflation-adjusted limits for HSAs/HDHPs.
  • The adjusted contribution limits for HSAs take effect as of the next Jan. 1.
  • The adjusted HDHP limits (minimum deductible and maximum out-of-pocket expenses) take effect for the plan year beginning on or after the next Jan. 1.


OVERVIEW

On April 29, 2016, the Internal Revenue Service (IRS) released Revenue Procedure 2016-28 to announce the inflation-adjusted limits for health savings accounts (HSAs) and high deductible health plans (HDHPs) for 2017.

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