Cost-Of-Living Adjustments for Health Savings Accounts (HSAs)

The IRS has issued the 2015 cost-of-living and coverage adjustments for HSAs.  All limits have increased for 2015 as follows:

Annual contribution limitation:
Individual $3,350 (up from $3,300)
Family $6,650 (up from $6,550)

Annual Maximum Out-Of-Pocket Limits for HDHP*:
Individual $6,450 (up from $6,350)
Family $12,900 (up from $12,700)

Annual Minimum Deductible Amount Limits for HDHP*:
Individual $1,300 (up from $1,250)
Family $2,600 (up from $2,500)

*Health Savings Accounts (HSAs) must be tied to a High Deductible Health Plan (HDHP).

If you would like to see Revenue Procedure 2014-30, click here.

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