06 May IRS Issues 2014 HSA Limits

Original article from United Benefit Advisors

The IRS has issued the 2014 limits for health savings accounts.  The Patient Protection and Affordable Care Act (PPACA) requires that this out-of-pocket limit be the maximum out-of-pocket for all health plans in 2014. 

The minimum deductible only applies to high deductible health plans integrated with an HSA. The limits are:[one_third last=”no”]

Limit

Maximum Out-of-Pocket

Minimum Deductible

Maximum catch-up contribution  – for individuals age 55 or older

[/one_third] [one_third last=”no”]

2013

$6,250 single/$12,500 family

$1,250 single/$2,500 family

$3,250 single/$6,450 family

$1,000

[/one_third][one_third last=”yes”]

2014

$6,350 single/$12,700 family

$1,250 single/$2,500 family (unchanged)

$3,300 single/$6,550 family

$1,000 (unchanged)

[/one_third]

The out-of-pocket includes the deductible, coinsurance and co-pays, but not premiums.