Original article from United Benefit Advisors
The IRS has issued the 2014 limits for health savings accounts. PPACA requires that this out-of-pocket limit be the maximum out-of-pocket for all health plans in 2014. The minimum deductible only applies to high deductible health plans integrated with an HSA. The limits are:
|
Limit |
2014 |
2013 |
|
Maximum Out-of-Pocket |
$6,350 single/$12,700 family |
$6,250 single/$12,500 family |
|
Minimum Deductible |
$1,250 single/$2,500 family (unchanged) |
$1,250 single/$2,500 family |
|
Maximum Contribution |
$3,300 single/$6,550 family |
$3,250 single/$6,450 family |
|
Maximum catch-up contribution – for individuals age 55 or older |
$1,000 (unchanged) |
$1,000 |
The out-of-pocket includes the deductible, coinsurance and co-pays, but not premiums.