Annual contribution limits for Health Savings Accounts (HSAs) and out-of-pocket expense limits for HSA-qualified High Deductible Health Plans (HDHPs) have been announced for 2014. The HSA catch-up contribution limit is $1,000 – no change from previous years. Changes to the limits are highlighted below in bold.
|Maximum HSA Contribution – Individual||$3,250||$3,350|
|Maximum HSA Contribution – Family||$6,450||$6,550|
|Minimum HDHP Deductible – Individual||$1,250||$1,250|
|Minimum HDHP Deductible – Family||$2,500||$2,500|
|Maximum HDHP Out-of-Pocket Expense – Individual||$6,250||$6,350|
|Maximum HDHP Out-of-Pocket Expense – Family||$12,500||$12,700|
The maximum Out-of-Pocket limit will apply to ALL health plans, per the Patient Protection and Affordable Care Act (PPACA). The minimum deductible applies only to high deductible health plans integrated with an HSA.
Contact your Johnson & Dugan Account Executive for details about HSA plans. For additional information about Health Savings Accounts, including answers to frequently asked questions, related IRS forms and publications, technical guidance, and links to other helpful web sites, see the Treasury Department Health Savings Accounts Resource Center.