Health Savings Account – HSA 2014 Rules & Requirements The IRS recently announced the health savings account rules and requirements for 2014. The HSA contribution limits and out-of-pocket maximums have been increased. 2014 HSA Contribution Limits For calendar year 2014, the annual HSA contribution limits are: Individuals (self-only coverage) – $3,300 (up $50 from 2013) Family coverage – $6,550 (up $100 from 2013) HDHP minimum required deductibles The High Deductible Health Plan (HDHP) required deductibles for an HSA did not change from 2013 to 2014: $1,250 for self-only coverage $2,500 for family coverage Out-of-pocket maximum The annual out-of-pocket expenses include deductibles, co-payments, and other amounts, but not premiums. The… Read More
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