New Limits for Health Savings Accounts and High Deductible Health Plans Released for 2015

New Limits for Health Savings Accounts and High Deductible Health Plans Released for 2015

 

IRS LogoThe Internal Revenue Service (IRS) recently released the 2015 limits for Health Savings Accounts (HSAs) and High Deductible Health Plans (HDHPs) under Section 223. The deductibles, out-of-pocket maximums, and contribution amounts have all increased over the 2014 limits.

For your reference, the chart below recaps the limits for 2015 as compared to 2014:

HSA Limits 2015

*Persons age 55 or older may make additional “catch-up” contributions of up to $1,000 in 2015 (the same amount as in 2014).

HSA Informational Sheet Download

Download this two page information sheet from our partner Unum, which discusses the HSA model, HDHPs, CDHPs, HSA plan specifications and more.

Health Savings Accounts

Cost Containment Strategies Self Insuring/Self-Funding and More

For additional information on Health Savings Accounts and High Deductible Health Plans, please see the following articles, downloads and tips from FosterThomas HR Outsourcing and Consulting:

Health Care Reform News
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FosterThomas is a leading professional services company that provides solutions in the areas of Human Resources Consulting and Outsourcing, HR Staffing, Outsourced Recruiting, Employee Benefits Brokerage, Payroll Implementation and Services, HR for Government Contractors, Business Insurance, HR Compliance and Risk Management. We help organizations by providing solutions designed with a focus on cost containment strategies and increasing HR efficiency. FosterThomas HR Consulting was established in 1993 with offices in Annapolis, Maryland (Corporate), McLean, Virginia and Raleigh, North Carolina. Today, FosterThomas occupies a unique position as a full service provider of HR services.

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