The Wagner Law Group
Wagner Law Group, A Professional Corporation, is a nationally
recognized ERISA & employee benefits, estate planning,
employment, labor & human resources practice.
in 1996, The Wagner Law Group has 24 attorneys engaged
exclusively in employee benefits, estate planning and
employment law. Six of our attorneys are AV rated by
Martindale-Hubbell as having very high to preeminent legal abilities
and ethical standards. The firm is among the largest ERISA boutiques
in the country. Our practice is national in scope, with clients in
more than 40 states and several foreign countries.
Wagner Law Group
Fax: (561) 293-3591
7108 Fairway Drive
Palm Beach Gardens, FL 33418
East Kennedy Boulevard
Tampa, FL 33602
Francisco, CA 94104
100 South 4th Street, Suite 550
St. Louis, MO 63102
August 25, 2016
Health and Welfare Law
IRS Announces 2017 HSA
has announced, via Revenue Procedure ("Rev. Proc.")
2016-28, the 2017 calendar year dollar limits for health savings
account ("HSA") contributions, and the minimum deductible
amounts and maximum out-of-pocket expenses for high deductible health
plans ("HDHPs"). By law, these limits are indexed annually
to adjust for inflation.
Background. In general, HSA contributions may only be made
for individuals who enroll in HDHPs. Internal Revenue Code Section
223(c)(2)(A) provides the definition, annual deductible minimum and
out-of-pocket maximum for HDHPs.
Note: The HDHP out-of-pocket maximum includes
in-network deductibles, copayments and coinsurance, but does not
include premiums or balance-billing for out-of-network services.
Proc. 2016-28. For 2017,
the HSA contribution limit for a self-only HSA is $3,400 (a $50
increase from 2016) and $6,750 for a family HSA (unchanged from
qualify as a HDHP in 2017, a plan must have a minimum annual
deductible of $1,300 for self-only coverage (the same as for 2016),
or $2,600 for family coverage (the same as for 2016). The maximum
out-of-pocket expenses permitted for a HDHP is $6,550 for self-only
coverage and $13,100 for family coverage.
for Employers. Employers
are advised to begin updating payroll and plan administration systems
to reflect the 2017 cost-of-living adjustments announced in Rev.
Proc. 2016-28. In addition, employers should incorporate the 2017 HSA
limits into all relevant participant communications, like open
enrollment and communication materials, plan documents and summary
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