|
IRS announces 2014 health savings account and high-deductible health plan limits
05-03-2013, 07:29 AM
|
#1
|
Thinks s/he gets paid by the post
Join Date: Aug 2012
Posts: 1,862
|
IRS announces 2014 health savings account and high-deductible health plan limits
Quote:
The IRS has released 2014 inflation-adjusted amounts for health savings accounts (HSAs) and high-deductible health plans (HDHPs), confirming earlier projections. The maximum annual HSA contribution will increase to $3,300 for self-only coverage and $6,550 for family coverage. The catch-up contribution limit, set by statute, remains $1,000. HDHP minimum deductibles remain $1,250/$2,500 for self-only/family coverage. Starting next year, out-of-pocket maximums for all nongrandfathered group health plans cannot exceed the HDHP maximums of $6,350/$12,700 for self-only/family coverage.
|
This is from IRS Revenue Procedure 2013-25, but I'm not finding it online (yet).
|
|
|
|
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!
Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!
You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!
|
05-03-2013, 08:34 AM
|
#2
|
Thinks s/he gets paid by the post
Join Date: Jul 2012
Location: Mississippi
Posts: 1,894
|
|
|
|
05-03-2013, 08:59 AM
|
#3
|
Thinks s/he gets paid by the post
Join Date: May 2011
Location: South Eastern USA
Posts: 1,068
|
Thanks!
__________________
All that glitters is not gold. -G. Chaucer, W. Shakespeare
All that is gold does not glitter. -J.R.R. Tolkien
|
|
|
05-03-2013, 03:36 PM
|
#4
|
Administrator
Join Date: Jan 2008
Location: Chicagoland
Posts: 40,585
|
Quote:
Originally Posted by Brett_Cameron
Thanks!
|
+1
From the link
HSA Contribution
Quote:
For calendar year 2014, the annual limitation on deductions under § 223(b)(2)(A) for an individual with self-only coverage under a high deductible health plan is $3,300. For calendar year 2014, the annual limitation on deductions under § 223(b)(2)(B) for an individual with family coverage under a high deductible health plan is $6,550.
|
Deductible and total out of pocket limits
Quote:
High deductible health plan. For calendar year 2014, 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 $1,250 for self-only coverage or $2,500 for family coverage, and the annual out-of-pocket expenses (deductibles, co-payments, and other amounts, but not premiums) do not exceed $6,350 for self-only coverage or $12,700 for family coverage
|
|
|
|
|
Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
|
|
Thread Tools |
|
Display Modes |
Linear Mode
|
Posting Rules
|
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts
HTML code is Off
|
|
|
|
» Recent Threads
|
|
|
|
|
|
|
|
|
|
|
|
|
» Quick Links
|
|
|