The IRS has announced the 2017 Health Savings Account (HSA) maximum contribution limits detailed in the newly released Revenue Procedure 2016-28. HSA contribution and plan limits will remain mostly unchanged for 2017, with only the individual HSA contribution limit increasing by $50.

HSAs are tax-exempt accounts that help people save money for eligible medical expenses. To qualify for a HSA, the policyholder must be enrolled in a HSA-qualified high-deductible health plan, must not be covered by other non-HDHP health insurance or Medicare, and cannot be claimed as a dependent on a tax return.

HSA 2017 Contribution Limits:

$3,400 for Individual (self-only) coverage ($50 increase from 2016)
$6,750 for Family coverage (unchanged from 2016)
HDHP 2017 minimum required deductibles:

$1,300 for Individual (self-only) coverage (unchanged from 2016)
$2,600 for Family coverage (unchanged from 2016)
HDHP Out-of-Pocket Maximum for 2017:

(Expenses include deductibles, co-pays, and other amounts, but not premiums)

$6,550 for Individual (self-only) coverage (unchanged from 2016)
$13,100 for Family coverage (unchanged from 2016)