2014 HSA Contribution Limits

The IRS has announced the new 2014 Health Savings Account (HSA) index figures. The 2014 max contribution limits increased slightly for both individuals and families (approx.  1.5%) and the minimum deductible amounts for the qualifying high deductible health plans remained the same.

Choice Strategies’ Compliance department relays these figures promptly after IRS issuance to help our clients budget accordingly for the upcoming year.

 

2014 Health Savings Account Index Figures

 

2013

2014

Minimum deductible amounts for the qualifying high deductible health plan (HDHP)

Individual coverage

$1,250

$1,250

Family coverage

$2,500

$2,500

Maximum contribution levels

Individual coverage

$3,250

$3,300

Family coverage

$6,450

$6,550

Catch-up contribution allowed for those 55 and over

$1,000

$1,000

Maximums for HDHP out-of-pocket expenses

Individual coverage

$6,250

$6,350

Family coverage

$12,500

$12,700