2016 HEALTH SAVINGS ACCOUNTS 2015 2016 Individual Coverage Monthly contribution limitation is 1/12 of the lesser of the annual $3,350 $3,350 deductible or High-deductible health plan deductible is not less than $1,300 $1,300 High-deductible health plan limit on annual out-of-pocket expenses $6,450 $6,550 (other than premiums) Family Coverage Monthly contribution limitation is 1/12 of the lesser of the annual $6,650 $6,750 deductible or High-deductible health plan deductible is not less than $2,600 $2,600 High-deductible health plan limit on annual out-of-pocket expenses $12,900 $13,100 (other than premiums) Additional Contributions for individuals age 55 and older $1,000 $1,000 2016 LONG-TERM CARE INSURANCE 2015 2016 Per diem limitation for periodic payments received under qualified long-term care insurance contract or life insurance contract periodic $330 $340 payments treated as paid by reason of death of chronically ill individual under Sec. 7702B(d)(4) Note: The per diem limitation for periodic payments received under a qualified long-term care insurance or life insurance contract is the amount the insured may exclude from gross income. Sec. 7702B(d)(4); 101(a). 2016 LONG-TERM CARE PREMIUMS Attained Age before the Close of the Taxable Year 2016 2015 40 or less $380 $390
2016 HEALTH SAVINGS ACCOUNTS 2015 2016 Individual Coverage Monthly contribution limitation is 1/12 of the lesser of the annual deductible or $3,350 $3,350 High-deductible health plan deductible is not less than $1,300 $1,300 High-deductible health plan limit on annual out-of-pocket expenses (other than premiums) $6,450 $6,550 Family Coverage Monthly contribution limitation is 1/12 of the lesser of the annual deductible or $6,650 $6,750 High-deductible health plan deductible is not less than $2,600 $2,600 High-deductible health plan limit on annual out-of-pocket expenses (other than premiums) $12,900 $13,100 Additional Contributions for individuals age 55 and older $1,000 $1,000 2016 LONG-TERM CARE INSURANCE 2015 2016 Per diem limitation for periodic payments received under qualified long-term care insurance contract or life insurance contract periodic payments treated as paid by reason of death of chronically ill individual under Sec. 7702B(d)(4) $330 $340 Note: The per diem limitation for periodic payments received under a qualified long-term care insurance or life insurance contract is the amount the insured may exclude from gross income. Sec. 7702B(d)(4); 101(a). 2016 LONG-TERM CARE PREMIUMS Attained Age before the Close of the Taxable Year 2015 2016 40 or less $380 $390