2014 HSA Contribution Limits

The Internal Revenue Service (IRS) released Revenue Procedure 2013-25 which provides the 2014 inflation adjusted deduction limitations for annual contributions made to a health savings (HSA) account.

Deduction limitations are updated annually to reflect cost-of-living adjustments. For calendar year 2014, the annual limitations on HSA’s are as follows:

Maximum Contributions

  • Self-only coverage: $3,300
  • Family coverage: $6,550

Minimum QHDHP Deductibles

  • Self-only coverage: $1,250
  • Family coverage: $2,500

Maximum Annual Out-of-Pocket Expenses

  • Self-only coverage: $6,350
  • Family coverage: $12,700

For more information on Health Savings Accounts (HSA) you can reference prior articles here or refer to the U.S. Department of the Treasury HSA Resource Center.

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About Christopher Johnson

Christopher manages the consulting services department of J.W.Terrill providing regulatory, analytical, technical and wellness support to clients.

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