IRS Releases 2015 Amounts for HSAs, HDHPs, and Out-Of-Pocket Limits
Source: https://www.shrm.org
The Internal Revenue Service announced higher limits for 2015 on contributions to health savings accounts (HSAs) and for out-of-pocket spending under high-deductible health plans (HDHPs) linked to them.
In Revenue Procedure 2014-30, issued April 24, 2014, the IRS provided the inflation-adjusted HSA contribution and HDHP minimum deductible and out-of-pocket limits, effective for calendar year 2015. The higher rates reflect a cost-of-living adjustment and rounding rules under Internal Revenue Code Section 223.
A comparison of the 2015 and 2014 limits is shown below:
|
2015 HSA
|
2014 HSA
|
2015 PPACA (non-grandfathered plans)
|
2014 PPACA (non-grandfathered plans)
|
|
|---|---|---|---|---|
| Out-of-pocket maximum | $6,450 single $12,900 family |
$6,350 single $12,700 family |
$6,600 single $13,200 family |
$6,350 single $12,700 family |
| Minimum deductible | $1,300 single $2.600 family |
$1,250 single $2,500 family |
None | None |
| Maximum deductible | None | None | None (this requirement has been repealed) | None (this requirement has been repealed) |
| Maximum contribution | $3,350 single $6,650 family |
$3,300 single $6,550 family |
None | None |
| Catch-up limit (age 55 or older) | $1,000 (unchanged) | $1,000 | Not applicable | Not applicable |
