Health Savings Account (HSA) Limits Will Increase for 2015

On April 23, 2014, the Internal Revenue Service (IRS) issued Revenue Procedure 2014-30, which increases limits for health savings accounts (HSAs) effective for calendar year 2015.

 

Health Savings Account (HSA) Limits Increasing in 2015

  • Annual contribution limits for single and family coverage
  • Maximum out-of-pocket expense limits for coverage under a high deductible health plan (HDHP)
  • Minimum annual deductibles for coverage under an HDHP

 

HSA Contribution Limits

  • For 2015, the annual HSA contribution limit for an individual with self-only coverage under an HDHP is $3,350 (up from $3,300 for 2014).
  • For 2015, the annual HSA contribution limit for an individual with family coverage under an HDHP is $6,650 (up from $6,550 for 2014).

 

HDHP Out-Of-Pocket Expense Limits

  • The maximum out-of-pocket expense (deductibles, co-payments and other amounts, but not premiums) limit for self-only HDHP coverage for 2015 is $6,450, which is up from $6,350 for 2014.
  • For family HDHP coverage, the maximum out-of-pocket expense limit for 2015 is $12,900, which is up from $12,700 for 2014.

 

HDHP Minimum Deductibles

  • For 2015, the deductibles under an HDHP must be at least $1,300 for self-only coverage (up from $1,250 for 2014) and $2,600 for family coverage (up from $2,500 for 2014).

 

Effective Date

  • These new limits are effective for calendar year 2015.

 

More Information

For a copy of IRS Revenue Procedure 2014-30, see www.irs.gov/pub/irs-drop/rp-14-30.pdf. To view our brief about the limit increases, click here.

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