2014 IRS HSA Contribution and Out-of Pocket Limits |

The Internal Revenue Service (IRS) announced higher limits for 2014 on contributions to health savings accounts (HSAs) and for out-of-pocket spending under high-deductible health plans (HDHPs) linked to them.

A comparison of the 2014 and 2013 limits is shown below:

Contribution and Out-of-Pocket Limits for Health Savings Accounts and for High-Deductible Health Plans
	For 2014	For 2013
HSA contribution limit (employer + employee)	Individual: $3,300 Family: $6,550	Individual: $3,250 Family: $6,450	Individual: +$50 Family: +100
HSA catch-up contributions (age 55 or older)*	$1,000	$1,000	No change**
HDHP minimum deductibles	Individual: $1,250 Family: $2,500	Individual: $1,250 Family: $2,500	No change
HDHP maximum out-of-pocket amounts (deductibles, co-payments and other amounts, but not premiums)	Individual: $6,350 Family: $12,700	Individual: $6,250 Family: $12,500	Individual: +$100 Family: +$200
* Catch-up contributions can be made any time during the year in which the HSA participant turns 55. ** Unlike other limits, the HSA catch-up contribution amount is not indexed; any increase would require statutory change.

Reference: For 2014, Higher Limits for HSA Contributions, Out-of-Pocket Expenses Minimum deductible amounts for high-deductible plans unchanged; Shrm. Org
5/3/2013 By Stephen Miller, CEBS