HSA Contribution Limits to Increase in 2015

By Heather Taylor2 Comments

You’ll be able to contribute more to your individual or family Health Savings Account (HSA) in 2015.

The IRS announced that HSA contribution limits will increase to $3,350 for individuals and $6,650 for families. The 2014 limits are $3,300 for individuals and $6,550 for families.

Enrollment in a High Deductible Health Plan (HDHP) is required in order to use funds from an HSA. The minimum deductible for a qualifying HDHP will increase in 2015 as well. The minimum deductible for an individual will be $1,300, up from the 2014 minimum of $1,250, and the minimum deductible for family coverage will increase to $2,600, up from $2,500.

More details, including the IRS document detailing the change, can be found in this BenefitsPro article.

For more details on all of the 2014 contribution limits across all savings plans, see our handy infographic.