Limits Increased for HSA Contributions and High Deductible Health Plan Out-Of-Pocket MaximumsHUNT 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.
As people who can make sense of the evolving health care landscape, ConnectYourCare gives employers a fighting chance against skyrocketing health care costs—while offering employees a valuable benefit they use and appreciate to better manage health savings. Delivering ROI and efficiencies at every turn; giving individuals tools they can use to make better-informed choices, including our renowned service representatives; simplifying the entire process with market-setting technology solutions—and continually developing new features and options—these are the core competencies that have allowed us to grow a loyal and highly satisfied client base of organizations of every size. Learn more at connectyourcare.com.