IRS: HSA and HDHP Cost-of-living Adjustments for 2015

The Internal Revenue Service (IRS) issued Revenue Procedure 2014-30, which increases limitsĀ for health savings accounts (HSAs) effective for calendar year 2015. The following HSA limits will increase for 2015:

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

The 2014 & 2015 IRS HSA limits are as follows:

2014 Limits 2015 Limits
ITEM 2014 Individual 2014 Family 2015 Individual 2015 Family
Annual Contribution Limit $3,300 $6,550 $3,350 $6,650
Annual Catch-Up Contribution Limit (Age 55 to 65) $1,000 $1,000 $1,000 $1,000
Minimum Deductible for HDHP $1,250 $2,500 $1,300 $2,600
Maximum Out-Of-Pocket for HDHP $6,350 $12,700 $6,450 $12,900

 

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