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News from Flexible Benefit Administrators

The IRS recently released the 2014 Health Savings Account (HSA) limits

The IRS recently released the 2014 Health Savings Account (HSA) contribution limits, out-of-pocket maximums and high deductible health plan (HDHP) deductibles: each of the updates are set forth below:

    2014 2013
Maximum Annual Contribution Limit Self-Only Coverage $3,300 $3,250
  Family Coverage $6,550 $6,450
HDHP Minimum Annual Deductible Self-Only Coverage $1,250 $1,250
  Family Coverage $2,500 $2,500
Out-of-Pocket Maximum Self-Only Coverage $6,350 $6,250
  Family Coverage $12,700 $12,500
HSA Catch-up Contribution Limit   $1,000 $1,000