The IRS has set the HSA contribution limits for 2014 as shown below:
The IRS has released the 2014 cost-of-living adjustments affecting HSAs. The HSA contribution limits and HDHP out-of-pocket maximums will increase slightly, while the HDHP minimum required deductibles remain unchanged. Here are the details:
- HSA Contribution Limits. The 2014 annual HSA contribution limit for individuals with self-only HDHP coverage is $3,300 (a $50 increase from 2013), and the limit for individuals with family HDHP coverage is $6,550 (a $100 increase from 2013).
- HDHP Minimum Required Deductibles. The 2014 minimum annual deductible for self-only HDHP coverage remains $1,250 and for family HDHP coverage remains $2,500.
- HDHP Out-of-Pocket Maximum. The 2014 maximum limit on out-of-pocket expenses (including items such as deductibles, co-payments, and co-insurance, but not premiums) for self-only HDHP coverage is $6,350 (a $100 increase from 2013), and the limit for family HDHP coverage is $12,700 (a $200 increase from 2013).
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|HDHP Minimum Annual Deductible||HDHP Out-of-Pocket Maximum||HSA Maximum Contribution Limit||HSA Catch-Up Contribution Limit|
|Self-only||$1,250||$6,350 (up $100)||$3,300 (up $50)||$1,000|
|Family||$2,500||$12,700 (up $200)||$6,550 (up $100)|
Published: November 11, 2013