This week, the IRS has released the Health Savings Account contribution limits for 2014. Here is the 2013/2014 comparative breakdown:

HSA Contribution Limit (employer + employee)

Individual: $3,250 -> $3,300
Family: $6,450 -> $6,550

HSA Catch-Up Contributions (age 55 or older)*

Individual: $1,000 (no change)**

HDHP Minimum Deductibles

Individual: $1,250 (no change)
Family: $2,500 (no change)

HDHP Maximum Out-Of-Pocket Amounts (deductibles, co-payments and other amounts, but not premiums)

Individual: $6,250 -> $6,350
Family: $12,500 -> $12,700

*Catch-up contributions can be made any time during the year in which the HSA participant turns 55.
**Unlike other limits, the HSA catch-up contribution amount is not indexed; any increase would require statutory change.

Keep in mind that as of next year (per the PPACA), small group HSA’s cannot have a deductible that is higher than $2,000/$4,000. Large groups can have higher deductibles. Moreover, we are waiting on clear guidance with regards to HRA funding to see if small employers can use the HRA to then reimburse members above a $2,000 deductible. We will keep you posted as we hear more on that issue.

HSA Contribution Limits For 2014