Health Savings Account (HSA) Updates for 2015 - Noah Insurance Group Skip to main content

Health Savings Account (HSA) Updates for 2015

2015 Health Savings Accounts (HSA) Update

We’re more than halfway through 2014 and though it may seem like 2015 is a long way off, there are changes to 2015 employee benefits that may affect you if you participate in a high-deductible health insurance plan with coupled with a Health Savings Account (HSA).

The U.S. Treasury Department and Internal Revenue Service have issued new guidelines on high-deductible health insurance plans and the health savings accounts (HSAs) that go with them. As a result, out-of-pocket spending limits and maximum contributions to HSAs will change next year. The following limits are in effect for calendar year 2015:

Category2014 Limits2015 Limits
Maximum annual HSA contribution amount
(employer + employee)
$3,300 (single)
$6,550 (family)
$3,350 (single)
$6,650 (family)
Catch-up contribution level
(for those who are 55 or older)
$1,000$1,000
Maximum out-of-pocket$6,350 (single)
$12,700 (family)
$6,450 (single)
$12,900 (family)
Minimum deductible$1,250 (single)
$2,500 (family)
$1,300 (single)
$2,600 (family)
Minimum embedded deductible$2,500 (single)
$5,000 (family)
$2,600 (single)
$5,200 (family)

 

If you have questions about high-deductible health insurance plans or a health savings account (HSAs), feel free to contact any of us at Noah Insurance as we’d be glad to help.