On April 23, 2014, the following limits were released by the Internal Revenue Service (IRS) under Revenue Procedure 2014-30 for Health Savings Accounts (HSAs) in 2015.

These limits are updated annually and reflect cost-of-living adjustments.

HSA contribution limits

$3,350 for individual coverage (increased $50 from 2014)

$6,650 for family coverage (increased $100 from 2014)

HSA catch-up contributions (age 55 or older)

$1,000 (no change from 2014)

Minimum deductible requirements for HSA eligibility:

$1,300 for self-only coverage (increased $50 from 2014)

$2,600 for family coverage (increased $100 from 2014)

Maximum out-of-pocket limitations for HSA eligibility:

$6,450 for individual coverage (increased $100 from 2014)

$12,900 for family coverage (increased $200 from 2014)

Flexible Benefit Service LLC (Flex) is here to help. FlexHSA^® provides the ideal combination of services that allows individuals to take ownership and control of their healthcare experience. Businesses can also integrate our solution for participating employees. Learn more about FlexHSA.

Join our mailing list or click here to stay updated on the latest healthcare reform and employee benefit news with Flex.

The materials contained within this communication are provided for informational purposes only and do not constitute legal or tax advice.