2015 HSA Contribution Limits

Health Care Costs

The contribution limits for various tax advantaged accounts for the following year are usually announced in the fall, except for HSA, which come out in the spring. The IRS announced contribution limits for Health Savings Account (HSA) for 2015. The HSA contribution limits for individual and family coverage in 2015 will increase by $50 and $100 respectively. We had the same increase in 2014.

HSA Contribution Limits

2014 2015 Change
Individual Coverage $3,300 $3,350 +$50
Family Coverage $6,550 $6,650 +$100

You can only contribute to an HSA if you have a High Deductible Health Plan (HDHP).

HDHP Qualification

The IRS also defines what qualifies as an HDHP. For 2015, an HDHP with individual coverage must have at least $1,300 in annual deductible and no more than $6,450 in annual out-of-pocket expenses. For family coverage, the numbers are minimum $2,600 in annual deductible and no more than $12,900 in annual out-of-pocket expenses.

2014 2015 Change
Individual Coverage
min. deductible $1,250 $1,300 +50
max. out-of-pocket $6,350 $6,450 +$100
Family Coverage
min. deductible $2,500 $2,600 +100
max. out-of-pocket $12,700 $12,900 +$200

Reference: Rev. Proc. 2014-30, Internal Revenue Service

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Comments

  1. JoeTaxpayer says

    No surprise, not even a 2% increase. The strangest thing with these numbers is that family is just shy of 2X the individual limit. In my opinion, it should be 2X for couples, and 2.5X minimum if there are children. A family with 2-3 kids is always running to the doctor, and those deductibles add up fast.

    • Harry Sit says

      As you know Congress set these limits in the law. The IRS is just doing the simple math to adjust them for inflation. The contribution limit for family coverage was neatly 2x the limit for individual coverage when it started. After rounding the inflation adjusted numbers to the nearest $50, we get into this strange situation of being $50 shy of the 2x number.

    • The White Coat Investor says

      Who cares about the number of kids or how often they go to the doctor? Those who are maximizing these accounts probably aren’t using them for health care. It’s just a stealth IRA. Why spend HSA dollars while investing in a taxable account?

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