Retirement, social security, and health benefit limits for 2016
By Milliman Employee Benefits Research Group
26 October 2015
Most of the employee benefit plan limits for 2016 are unchanged from 2015. The Social Security Administration announced no cost-of-living adjustment for 2016 benefits. The Medicare Hospital Insurance tax rate will remain at 1.45% on all wages. The maximum annual contribution for health savings accounts in 2016 will remain unchanged at $3,350 for an individual with self-only coverage and will increase up to $6,750 for an individual with family coverage.