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.