On May 4, cialis buy case 2015, the Internal Revenue Service (IRS) released Revenue Procedure 2015-30 announcing the annual inflation-adjusted limits for health savings accounts (HSAs) for calendar year 2016. An HSA is a tax-exempt medical savings account employees can use to pay for qualified medical expenses.
To be eligible for an HSA, an employee:
- Must be covered by a qualified high deductible health plan (HDHP).
- May not be enrolled in Medicare.
- May not be claimed as a dependent on someone else’s tax return.
The limits vary based on whether an individual has self-only or family coverage under a HDHP. The rates are as follows:
