2017 COLAs for HSA-Qualifying HDHPs
7/11/2016
The IRS has released the 2017 cost-of-living amounts (COLAs) for HSA-qualifying high-deductible health plans. Deductible and out-of-pocket amounts, which apply to in-network benefits only, have not changed for 2017:
| 2016 | 2017 | |
| Minimum Annual Deductible for Single Coverage | $1,300 | $1,300 |
| Minimum Annual Deductible for Family Coverage | $2,600 | $2,600 |
| Maximum Out-of-Pocket Amount for Single Coverage | $6,550 | $6,550 |
| Maximum Out-of-Pocket Amount for Family Coverage | $13,100 | $13,100 |
However, the contribution limits will increase slightly for individuals in 2017:
| 2016 | 2017 | |
| Individual/Self Only | $3,350 | $3,400 |
| Family | $6,750 | $6,750 |
The $1,000 catch-up contribution available to account holders aged 55 and older is not tied to a COLA and remains at $1,000.
These 2017 COLAs are effective the first day of the first plan year on or after January 1, 2017. If you have questions about the COLAs for 2017, call ASR Health Benefits at (616) 957-1751 or (800) 968-2449.