As many of you know, I track the data needed to make inflation adjustments for Health Savings Accounts from one year to the next. I have accurately predicted the annual adjustments by the Internal Revenue Service for the past 10 years.
With today’s release of the March inflation figures by the Bureau of Labor Statistics, I am finalizing my projections for the 2017 HSA amounts. As I predicted in January, only one amount will change for 2017, and that is good news for single individuals who will see their contribution limits rise by $50. All other amounts will remain unchanged for 2017. You can find my final projections here at AskMrHSA.com.
The good news for insurance carriers is that they will not need to make any changes to their HSA-qualified insurance plan designs for 2017 — the minimum deductibles and annual out-of-pocket limits will remain at 2016 levels. So carriers can now to finalize their plan designs for next year.
The IRS will publish the official 2017 HSA amounts in May.