2014 HSA Limits Announced

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.

Calendar Year    2013    2014
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.