Posts Tagged: HSA

2015 HSA Limitations

in Health Benefits

 This morning the IRS released the health savings account (HSA) inflation adjusted amounts for the 2015 calendar year. Both the current 2014 amounts and the new 2015 amounts are set forth below.  The HDHP minimum annual deductible for self-only coverage increases from $1,250 in 2014 to $1,300 in 2015. The HDHP out-of-pocket maximum for self-only coverage increases from $6,350 in 2014 to $6,450 in 2015.  The HDHP minimum annual deductible for family coverage increases from $2,500 in 2014 to $2,600 in 2015. The HDHP out-of-pocket maximum for family coverage increases from $12,700 in 2014 to $12,900 in 2015.  The HSA… Continue Reading

IRS Affirms HDHP Preventive Care Benefits

in Affordable Care Act, Health Benefits

This morning the IRS issued Notice 2013-57 confirming the extent of preventive care benefits that can be offered under an HDHP with no deductible. Generally, under the health savings account rules, a high deductible health plan (HDHP) may not provide benefits for any year until the deductible for that year is satisfied. However, Code Section 223(c)(2)(C) provides a safe harbor for the absence of a preventive care deductible. Prior IRS guidance in 2004 set forth safe harbor rules that established the parameters of the preventive care exception for HDHPs. Under those rules annual physicals, well-child care, immunizations and other screenings… Continue Reading