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2014 HSA Contribution Limits

Saturday, May 18, 2013 - 9:41 AM
From SHRM (Society of Human Resource Management):
The Internal Revenue Service announced higher limits for 2014 on contributions to health savings accounts (HSAs) and for out-of-pocket spending under high-deductible health plans (HDHPs) linked to them.

In Revenue Procedure 2013-25, issued May 2, 2013, the IRS provided the inflation-adjusted HSA contribution and HDHP minimum deductible and out-of-pocket limits, effective for calendar year 2014. The higher rates reflect a cost-of-living adjustment and rounding rules under Internal Revenue Code Section 223.

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The article includes a comparison of the 2014 and 2013 limits. 

As a reminder, catchup contributions totaling up to $1k can be made any time during the year in which the HSA participant turns 55.
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