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April 29, 2014
The IRS recently released Rev. Proc. 2014-30, which establishes the health savings account (HSA) contribution limits and definition of a qualified high deductible health plan (HDHP) for the 2015 calendar year.
2015 annual contribution limit:
Definition of qualified High Deductible Health Plan (HDHP):
In addition, all non-grandfathered group health plans are required to comply with cost-sharing limitations in regards to out-of-pocket maximums on essential health benefits. In 2014, these out-of-pocket maximums are the same as the maximum out-of-pocket expense limits for self-only and family coverage for HSA-compatible HDHPs. However, beginning in 2015, the amounts differ because the out-of-pocket maximums are increased based on changes in the average per capita premium for health insurance coverage in the United States. The 2015 out-of-pocket maximums for non-HDHPs are $6,600 for self-only coverage and $13,200 for family coverage.
As always, should you have any questions, please contact your opens in a new windowParker, Smith & Feek Benefits Team.
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