The Internal Revenue Service (IRS) issued Revenue Procedure 2014-30, which increases limits 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 |