The Departments of Treasury and Internal Revenue Service (IRS) released Revenue Procedure 2015-30, announcing the 2016 maximum contribution levels for health savings accounts (HSAs), as well as the minimum deductible and out-of-pocket maximum (OOPM) limits for HSA-qualified high deductible health plans (HDHPs).
The limit on catch-up contributions, allowed for those with HSAs who are age 55 or older remains at $1,000 per year.
For plan years beginning on or after January 1, 2014, the Affordable Care Act (ACA) applies a cost-sharing limit to non-grandfathered group health plans. The ACA OOPM limits are different than those for HDHP or HSA-qualified HDHPs. The rule, published by the Department of Health and Human Services in February 2015, sets the 2016 OOPM limits at $6,850 for individual, self-funded coverage and $13,700 for family, self-funded coverage.