IRS Announces Higher 2015 Health Savings Account Limits

Limits Increased for HSA Contributions and High Deductible Health Plan Out-Of-Pocket Maximums Says ConnectYourCare

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Hunt Valley, MD (PRWEB) April 24, 2014

The IRS has released the 2015 inflation-adjusted amounts for health savings accounts (HSAs) in Rev. Proc. 2014-30.

For 2015, HSA contribution limits and high deductible health plan (HDHP) out-of-pocket maximums are up slightly over 2014, while HDHP minimum required deductibles remain the same as 2013.

  •     Annual Contribution Limits: $3,350 for self-only coverage and $6,650 for family coverage.
o    Up from 2014 contribution limits of $3,300 for self-only coverage and $6,550 for family coverage.

  •     HDHP Minimum Annual Deductible: $1,300 for self-only coverage and $2,600 for family coverage.
o    Up from 2014 minimum annual deductible of $1,250 for self-only coverage and $2,500 for family coverage.

  •     HDHP Out-of-Pocket Maximum (deductibles, copayments, and other amounts, but not premiums): $6,450 for self-only coverage and $12,900 for family coverage.
o    Up from 2014 limits of $6,350 for self-only coverage and $12,700 for family coverage.

About ConnectYourCare
ConnectYourCare's consumer-directed healthcare platform provides a fast path to account-based health plans, enabling firms to lower health benefit costs while empowering consumers with the tools they need to better manage health savings. The solution of choice for large employers, health plans and banks, ConnectYourCare offers a fresh approach to health savings by combining a simplified experience, seamless access and a unique coaching model to accelerate savings and consumer engagement. By removing complexity and motivating individuals to take control of health savings, ConnectYourCare maximizes return on investment for all participants in the healthcare benefits value chain and enables everyone to simplify, save and grow. Learn more at http://www.connectyourcare.com.


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