IRS releases 2015 HSA limits

24 Sep , 2014,
jtdickerson
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2015 HSA limits

The IRS has updated 2015 HSA limits!

The IRS (Internal Revenue Service) has changed the HSA (Health Savings Account) deductible limit for 2015 from $1,250 to $1,300 for self-only coverage and from $2,500 to $2,600 for family and embedded deductible coverage. We anticipate that many North Carolina health plans will adjust deductible amounts to comply with these new deductible limits in 2015. You can view the new limits on the IRS website by clicking here.

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IRS 2015 HSA limits – details:

Annual contribution limitation.

For calendar year 2015, the annual limitation on
deductions under § 223(b)(2)(A) for an individual with self-only coverage under a high
deductible health plan is $3,350. For calendar year 2015, the annual limitation on
deductions under § 223(b)(2)(B) for an individual with family coverage under a high
deductible health plan is $6,650.

High deductible health plan.

For calendar year 2015, a “high deductible health
plan” is defined under § 223(c)(2)(A) as a health plan with an annual deductible that is
not less than $1,300 for self-only coverage or $2,600 for family coverage, and the
annual out-of-pocket expenses (deductibles, co-payments, and other amounts, but not
premiums) do not exceed $6,450 for self-only coverage or $12,900 for family coverage.