IRS Announces HSA Contribution & Coverage Limits for 2014 – May, 2013

IRS has just issued Revenue Procedure 2013-25, which provides the 2014 cost-of-living contribution and coverage adjustments for HSAs, as required under Code Section 223(g). Most contribution limits and the out-of-pocket amounts have been increased for 2014. The deductible amount limits have not changed.

HSA Contribution Amounts

2013 -  2014  Coverage Levels

Individual $3,250 – $3,300

Family $6,450 -  $6,550

Catch-Up $1,000   $1,000   Catch-up

 
Maximum Out-Of-Pocket Amounts for HDHP

2013 - 2014  Coverage Levels

$6,250   $6,350  Individual

$12,500 $12,700 Family 

 
Minimum Deductible Amount Limits for HDHP

2013 - 2014  Coverage Levels

$1,250  $1,250 Individual

$2,500   $2,500  Family

For a copy of Revenue Procedure 2013-25, please click on the following link:  http://www.irs.gov/pub/irs-drop/rp-13-25.pdf