IRS boosts health savings account limits

Health savings accounts (HSA) will see higher contribution limits, minimum required deductibles and out-of-pocket maximums next year. In newly released rules, the IRS increased the annual HSA contribution limit for an individual to $3,350 (up $50 from 2014) and $6,650 for a family of four (up $100 from 2014). The IRS also set $1,300 as the minimum annual deductible for a high deductible health plan for self-only coverage and $2,600 for family coverage, a year-over-year increase of $50 and $100, respectively. Announcement (.pdf)