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Distributed May 13, 2013

Inflation Adjusted Amounts for HSAs in 2014
Recently, the IRS released Rev. Proc. 2013-25 that provides the 2014 inflation adjusted amounts for health savings accounts (HSAs) as determined under Internal Revenue Code Section 223. Amounts effective for the 2014 calendar year are summarized below.
2014 Inflation Adjusted Items
Calendar Year 2014 2013 2012
HSA Maximum Annual Contribution Limit
(Self–only)
$3,300* $3,250* $3,100*
HSA Maximum Annual Contribution Limit
(Family)
$6,550* $6,450* $6,250*
HSA Catch–up Contribution Limit $1,000 $1,000 $1,000
HDHP Minimum Annual Deductible
(Self–only)
$1,250 $1,250 $1,200
HDHP Minimum Annual Deductible
(Family)
$2,500 $2,500 $2,400
HDHP Maximum Out–of–pocket
(Self–only)
$6,350 $6,250 $6,050
HDHP Maximum Out–of–pocket
(Family)
$12,700 $12,500 $12,100
*For purposes of contributions an employee is treated as being eligible for the entire calendar year as long as he or she is eligible during the last month of the calendar year. However, failure to maintain eligibility during the "testing period" will result in adverse tax consequences (including an additional excise tax). The testing period begins in December of the year in which the employee becomes eligible and ends the last day of December of the following year.
For more information, please visit the IRS website for the full revenue procedure.
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