By Mary Ellen Schill
May 2, 2013
The Internal Revenue Service today announced the cost-of-living adjustments for the HSA contribution limits and for High Deductible Health Plan (HDHP) deductibles and out-of-pocket maximums for 2014.
|HSA/HDHP Requirement||Cost-of-Living Adjustments|
|Limit on HSA Contributions – Self-only HDHP||2013 – $3,250
2014 – $3,300
|Limit on HSA Contributions – Family HDHP||2013 – $6,450
2014 – $6,550
|HDHP Required Deductible – Self-only HDHP||2013 – $1,250
2014 – $1,250
|HDHP Required Deductible – Family HDHP||2013 – $2,500
2014 – $2,500
|HDHP Out-of-pocket Maximum – Self-only HDHP||2013 – $6,250
2014 – $6,350
|HDHP Out-of-pocket Maximum – Family HDHP||2013 – $12,500
2014 – $12,700
|HSA Catch-up Contribution Limit||2013 – $1,000
2014 – $1,000
All of the above are for calendar year 2014.
For further information, please contact Mary Ellen Schill, the author of this article, or any of the attorneys in the Employment & Benefits Practice Group, or the Business Transactions Practice Group of Ruder Ware.
This document provides information of a general nature regarding legislative or other legal developments, and is based on the state of the law at the time of the original publication of this article. None of the information contained herein is intended as legal advice or opinion relative to specific matters, facts, situations, or issues, and additional facts and information or future developments may affect the subjects addressed. You should not act upon the information in this document without discussing your specific situation with legal counsel.
© 2023 Ruder Ware, L.L.S.C. Accurate reproduction with acknowledgment granted. All rights reserved.