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2015 Income Tax – Health Savings Accounts (HSA) Limits

HSAs allow eligible individuals to make deductible contributions that can later be withdrawn tax-free to reimburse the individual for eligible medical expenses.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