IRS Announces Higher 2015 Health Savings Account Limits

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

HUNT VALLEY, Md., April 24, 2014

The IRS has released the 2015 inflation-adjusted amounts for Health Savings Accounts (HSAs) in Rev. Proc. 2014-30.
For 2015, Health Savings Account contribution limits and high-deductible health plan (HDHP) out-of-pocket maximums are up slightly over 2014, while high-deductible health plan minimum required deductibles remain the same as 2013.

Annual Contribution Limits: $3,350 for self-only coverage and $6,650 for family coverage.
o Up from 2014 contribution limits of $3,300 for self-only coverage and $6,550 for family coverage.
high-deductible health plan Minimum Annual Deductible: $1,300 for self-only coverage and $2,600 for family coverage.
o Up from 2014 minimum annual deductible of $1,250 for self-only coverage and $2,500 for family coverage.
high-deductible health plan Out-of-Pocket Maximum (deductibles, copayments, and other amounts, but not premiums): $6,450 for self-only coverage and $12,900 for family coverage.
o Up from 2014 limits of $6,350 for self-only coverage and $12,700 for family coverage.

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By |2018-01-29T08:33:16+00:00April 24th, 2014|
Disclaimer: ConnectYourCare does not provide tax or legal advice. This information is not intended and should not be taken as tax or legal advice. Any tax or legal information in this notice is merely a summary of ConnectYourCare’s understanding and interpretation of some of the current tax regulations and is not exhaustive. You should consult your tax advisor or legal counsel for advice and information concerning your particular situation before making any decisions.