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withdrawn tax-free to reimburse the individual for eligible medical expenses.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 |
2015 |
2014 |
HSA contribution limit (employer + employee) |
Individual: $3,350 |
Individual: $3,300 |
HSA |
$1,000 |
$1,000 |
HDHP |
Individual: $1,300 |
Individual: $1,250 |
HDHP |
Individual: $6,450 |
Individual: $6,350 |