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IRS Announces Higher 2014 Health Savings Account Limits

Limits Increased for HSA Contributions and High Deductible Health Plan Out-Of-Pocket Maximums

HUNT VALLEY, Md., May 03, 2013

The IRS has released the 2014 inflation-adjusted amounts for health savings accounts (HSAs) in Rev. Proc. 2013-25.

For 2014, HSA contribution limits and high deductible health plan (HDHP) out-of-pocket maximums are up slightly over 2013, while HDHP minimum required deductibles remain the same as 2013.

  Annual Contribution Limits: $3,300 for self-only coverage and $6,550 for family coverage.
Up from 2013 contribution limits of $3,250 for self-only coverage and $6,450 for family coverage.
HDHP Minimum Annual Deductible: $1,250 for self-only coverage and $2,500 for family coverage.
No change from 2013 limits.
HDHP Out-of-Pocket Maximum (deductibles, copayments, and other amounts, but not premiums): $6,350 for self-only coverage and $12,700 for family coverage.
Up from 2013 limits of $6,250 for self-only coverage and $12,500 for family coverage.

See news.ConnectYourCare.com for more HSA news and alerts.

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