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IRS Issues 2015 HSA Contribution Limits, High-Deductible Health Plan Definition, Out of Pocket Expense Limit

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April 2014

The Internal Revenue Service (IRS) issued guidance setting the inflation-adjusted amounts applicable to high-deductible health plans with Health Savings Accounts (HSA) for calendar year 2015. The 2015 annual contribution limit on deductions has increased for individuals with self-only coverage to $3,350 (from $3,300 in 2014) and $6,650 for family coverage (from $6,550).

In addition, for calendar year 2015, “high-deductible health plan” is defined under Code Section 223(c)(2)(A) as a health plan with an annual deductible that is not less than $1,300 for self-only coverage (from $1,250 for 2014), and $2,600 for family coverage (up from $2,500). The out-of-pocket expense limits for 2015 have also increased to $6,450 for self-only coverage (from $6,350) and $12,900 for family coverage (from $12,700). These out-of-pocket expense limits are the same limits that generally apply in 2015 to all non-grandfathered group health plans under the Affordable Care Act.

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