As companies seek to deal with rising healthcare costs, one option that has become more appealing involves pairing a Health Savings Account (HSA) with a high-deductible health plan.
For those considering adopting this approach, additional good news was provided on April 23rd, 2014. The IRS announced that that HSA limits will be increased for 2015.
HSA Contribution Limits
- For 2015, the annual HSA contribution limit for an individual with self-only coverage under an HDHP is $3,350 (up from $3,300 for 2014).
- For 2015, the annual HSA contribution limit for an individual with family coverage under an HDHP is $6,650 (up from $6,550 for 2014).
Out-of-Pocket Expense Limits (For HDHPs)
- The maximum out-of-pocket expense (deductibles, copayments and other amounts, but not premiums) limit for self-only HDHP coverage for 2015 is $6,450, which is up from $6,350 for 2014.
- For family HDHP coverage, the maximum out-of-pocket expense limit for 2015 is $12,900, which is up from $12,700 for 2014.
I hope that you find this update helpful as you seek to understand your company’s options in the months ahead.
Making the move to a high-deductible health plan with an HSA is certainly a decision that requires significant thought and planning. However, CBG Benefits has helped many companies to properly analyze their options, and then implement these types of plans successfully.
If you would like to discuss whether a Health Savings Account option might work for your business, please contact CBG Benefits today at 877-332-6387 or leave a message via our contact form.