Health Care Reform Blog: IRS Releases 2014 Out of Pocket Maximum Limits

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In 2014 non-grandfathered plans will not be allowed to have an out of pocket maximum greater than that allowed for high deductible health plans. Last week the IRS released the out of pocket limits for 2014 which are $6,350 for single coverage and $12,700 for family coverage. Employers who have non-grandfathered health plans with out of pocket maximums exceeding these limits will be required to lower them starting in 2014. A copy of the notice is available here.

Topics:  Deductions, IRS, Out-of-Pocket Expenses

Published In: Health Updates, Insurance Updates, Labor & Employment Updates, Tax Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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