Bill Would Nearly Double Permitted HSA Contributions

| posted in Blog

As employers shift more of the cost burden to employees, legislation in Congress would nearly double the amount workers can put into health savings accounts. Under H.R. 5445, employees enrolled in high-deductible plans and opting for single coverage could in 2017 contribute up to $6,500 to their HSAs, while those with family coverage could contribute up to $13,100. Under current law, the 2017 maximum HSA contributions are $3,400 for employees with single coverage and $6,750 for family coverage. The idea behind the measure is to let employees fund all of their out-of-pocket costs through HSA contributions. Premium costs though would…
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