2014 inflation adjustments for HSAs/HDHPs released ? Business ...

The IRS has announced the 2014 inflation-adjusted figures for health savings accounts (HSAs) and high-deductible health plans (HDHPs).

• Employees with self-only coverage under HDHPs can contribute up to $3,300 into their HSAs. The minimum annual deductible for an HDHP is $1,250. The maximum amount of out-of-pocket expenses (i.e., deductibles, co-payments, etc.) is $6,350.
• Employees with family coverage under HDHPs can contribute up to $6,550 into their HSAs. The minimum annual deductible for an HDHP is $2,500. The maximum amount of out-of-pocket expenses (i.e., deductibles, co-payments, etc.) is $12,700. (Rev. Proc. 2013-25, IRB 2013-21)

COST SHARING LIMITS: For plan years beginning in 2014, limitations on employee cost sharing apply to all non-grandfathered group plans, and can?t exceed the out-of-pocket limits that apply to HDHPs.

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