HSA amounts for 2016


The IRS issued the inflation-adjusted figures for calendar year 2016 for the annual contribution limits for health savings accounts (HSAs) and the minimum deductible amounts and maximum out-of-pocket expense amounts for high-deductible health plans (HDHPs) (Rev. Proc. 2015-30). The annual limit on deductible contributions for individuals with self-only coverage will be unchanged from 2015, and the limit for family coverage will be $100 higher than for 2015. The lower limits on the annual deductible under an HDHP will be the same as for 2015, and the upper limit for out-of-pocket expenses will be slightly higher than for 2015.

HSA amounts for 2016
HSA amounts for 2016

SPONSORED REPORT

CPEOs provide peace of mind around payroll services

The creation of these new IRS-certified service providers for small businesses clarifies some issues around traditional professional employer organizations.

QUIZ

Pronoun practice to help polish your prose

Using pronouns correctly in writing and speech can help you make a good impression. Try our 10-question quiz.