2015 IRS inflation-adjusted limits for health savings accounts: Who’s eligible?

Posted October 9, 2014 Company News

The limit on contributions made to health savings accounts (HSA) and restrictions on deductible and out-of-pocket expenses for 2015 have been released by the IRS in its annual inflation-adjusted report.

Who can contribute to an HSA?

Eligible individuals and their family members may make deductible contributions to an HSA. Employers may also contribute on behalf of an eligible individual: these are generally treated as employer-provided coverage for medical expenses under an accident or health plan and are excludable from income.

Who are eligible individuals?

A person is generally considered an “eligible individual” if he is covered under a qualified high deductible health plan (HDHP):


What if I am covered by a health plan other than a qualified HDHP?

Individual covered by a health plan other than a qualified HDHP are not eligible, unless it is under permitted insurance such as worker’s compensation, a specified disease or illness policy, or plan providing a fixed payment for hospitalization.

How much can I contribute to my HSA?

The amount of deductible contributions eligible individuals can make to their HSA is subject to statutory limits:



Please note that the information contained in this document is designed to provide authoritative and accurate information, in regard to the subject matter covered. However, it is not provided as legal or tax advice and no representation is made as to the sufficiency for your specific company’s needs. This document should be reviewed by your legal counsel or tax consultant before use.

Additionally, the messages and content within the Pittsburgh Health Care Reform group do not reflect the advisory services of Henderson Brothers, Inc.