Distributed May 14, 2015 IRS ANNOUNCES INCREASED 2016 HSA INDEX FIGURES Recently, the IRS released the new health savings account (HSA) index figures for 2016. The 2016 index includes increases to the family contribution limits and maximum out-of-pocket expenses. The maximum annual contribution limit for individual coverage and minimum annual deductible for both individuals and families remains the same. The IRS provides this early release to help plan sponsors and participants budget for the upcoming year. See the table below for details and the IRS Revenue Procedure publication (RP-2015-30) for the text of the 2016 index figures for HSAs and qualifying high deductible health plans (HDHPs). 2016 HSA Index Figures   2015 2016 Minimum deductible amounts for the qualifying HDHP Individual coverage $1,300 $1,300 Family coverage $2,600 $2,600 Maximum HSA contribution levels Individual coverage $3,350 $3,350 Family coverage $6,650 $6,750 Catch-up contribution allowed for those 55 and over $1,000 $1,000 Maximum for HDHP out-of-pocket expenses Individual coverage $6,450 $6,550 Family coverage $12,900 $13,100   877.CONEXIS   |  WWW.CONEXIS.COM ©2015 CONEXIS, a division of WageWorks, Inc. All rights reserved. CONEXIS does not offer legal, accounting, or other professional advice. If you need additional guidance, please contact your attorney or tax advisor. CONEXIS uses reasonable efforts to ensure that the information provided in this email is accurate as of the date of distribution. However, information of this nature can change at any time. You should confirm the accuracy of any such information prior to taking any action. View our Email Privacy Policy