IRS publishes 2014 Health Savings Account (HSA) limits

May 4th, 2013 by Joe Kristan

The IRS has issued the 2014 contribution limits for health savings accounts: $3,300 for single plans and $6,550 for family plans. The 2013 limits are $3,250 for single plans and $6,450 for family plans.

You need a “high deductible” plan to qualify to make an HSA contribution. For 2014, that will be a plan with an annual deductible of at least $1,250 for single plans and $2,500 for family coverage; these are identical to the 2013 amounts. The plans can’t have annual out-of-pocket expenses (besides premiums) for 2014 in excess $6,350 for single coverage and $12,700 for family coverage; the 2013 amounts are $6,250 for single coverage and $12,500 for family coverage.

Link: IRS Publication 969 on HSAs.

Share