IRS Releases 2014 Figures for Health Savings Accounts (HSAs)

Posted May 29, 2013 Company News

On May 2, 2013, the IRS released the 2014 inflation adjustment figures for Health Savings Accounts:

 

Annual Contribution Limit for Calendar Year 2014:

Single: $3,300 (increased from $3,250)

Family: $6,550 (increased from $6,450)

 

High Deductible Health Plan Benefits Parameters:

Minimum Deductible

Single: $1,250 (no change)

Family: $2,500 (no change)

Maximum Out-of-Pocket

Single: $6,350 (increased from $6,250)

Family: $12,700 (increased from $12,500)

 

Source: http://www.irs.gov/pub/irs-drop/rp-13-25.pdf

 

 

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.