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Reminder 2015 Health Savings Account Contribution limits and Deductible requirements

As open enrollment approaches,  Advantage Administrators wants to remind you of the 2015 Health Savings Account Limits.

In Revenue Procedure 2014-30, issued April 24, 2014, the IRS provided the inflation-adjusted HSA contribution and HDHP minimum deductible and out-of-pocket limits, effective for calendar year 2015. The higher rates reflect a cost-of-living adjustment and rounding rules under Internal Revenue Code Section 223.

HSA contribution limit (employer plus employee)  Individual:  $3,350Family:        $6,650
HSA catch up contribution (age 55 or older)                       $1,000
HDHP minimum deductibles  Individual:   $1,300Family:         $2,600
HDHP maximum out of pocket amounts  Individual:   $6,450Family:         $12,900