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IRS Releases Health Savings Account (HSA) Limits for 2016

On May 4th, 2015, the IRS released the contribution limits for Health Savings Accounts (HSAs) for calendar year 2016. While the limits have been increased gradually over the past couple of years, only some of the HSA limits will increase for 2016.

The following table illustrates the 2015/2016 comparisons for HSA limits:

Here are the 2016 contribution limits for Health Savings Accounts (HSAs) ---- via CBG Benefits, a full-service employee benefits brokerage firm in Massachusetts.

We hope that you find this information helpful.

Additional Support Regarding HSAs

If your company is looking to possibly add a Health Savings Account option to its employee benefits program, the CBG Benefits team is here to help.

Whether you’d like assistance understanding the financial impact, selecting the right vendor, or educating employees about how an HSA works, we have the expertise and resources available to support you.

Please contact us at 781-759-1222 or via email at info@CBGBenefits.com to learn more.

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Posted in: Benefits and Insurance, Human Resources, Legislation

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