The Internal Revenue Service has announced that it will increase maximum contribution levels for health savings accounts (HSA) by $50 for individuals and $100 for families to reflect cost-of-living adjustments. In 2015, the maximum HSA contribution for self-only coverage will be $3,350, while the maximum allowable contribution for families will increase to $6,650.
Employee out-of-pocket maximums are being increased to $6,450 for single coverage and $12,900 for families. The annual limitation on deductions for an individual with family coverage under a high-deductible health plan will be $6,650. These increases will take effect in January of 2015.
In cooperation with NAEBA
