HSAs
allow eligible individuals to make deductible contributions that can later be
withdrawn tax-free to reimburse the individual for eligible medical expenses.
For 2015, the limitation on HSA deductions is $3,350 for an individual with
self-only coverage under a High Deductible Health Plan (HDHP) or $6,650 for an
individual with family coverage. An HDHP is defined under IRC Sec. 223(c) as a
health plan with an annual deductible not less than $1,300 for self-only
coverage or $2,600 for family coverage, with annual out-of-pocket expenses
(deductibles, co-payments, and other amounts, but not premiums) not exceeding
$6,450 for self-only coverage or $12,900 for family coverage.




































Health Savings
Account Contribution Limits

 


2015

 


2014

 HSA contribution limit (employer + employee)

Individual: $3,350





Family: $6,650



Individual: $3,300





Family: $6,550



HSA
catch-up contributions (age 55 or older)

$1,000



$1,000



HDHP
minimum deductible amounts

Individual: $1,300





Family: $2,600



Individual: $1,250





Family: $2,500



HDHP
maximum out-of-pocket amounts (deductibles, co-payments and other amounts,
but not premiums)

Individual: $6,450





Family: $12,900



Individual: $6,350





Family: $12,700









May 7, 2014 12:00 am