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IRS Releases HSA Inflation Adjustments For 2014

05/06/13

  05:04:15 pm, by MedBen5   , 137 words,  
Categories: News, Health Plan Management

IRS Releases HSA Inflation Adjustments For 2014

Lest Thursday, the IRS released the cost-of-living adjustments affecting health savings accounts (HSAs) for calendar year 2014. The HSA contribution limits and high-deductible health plan (HDHP) out-of-pocket maximums will both increase. The HDHP minimum required deductibles, which went up in 2013, will reamin unchanged next year.

  • HSA Contribution Limits – The 2014 annual HSA contribution limit for individuals with self-only HDHP coverage is $3,300, and the limit for individuals with family HDHP coverage is $6,550.
  • HDHP Minimum Required Deductibles – The 2014 minimum annual deductible for self-only HDHP coverage increases to $1,250; for family HDHP coverage, $2,500.
  • HDHP Out-of-Pocket Maximum – The 2014 maximum limit on out-of-pocket expenses for self-only HDHP coverage is $6,350, and the limit for family HDHP coverage is $12,700.

MedBen clients with questions regarding these adjustments are welcome to contact Director of Administrative Services Sharon A. Mills at (800) 423-3151, Ext. 438 or smills@medben.com.

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