IRS Issues 2015 HSA Contribution Limits

Ervin Cohen & Jessup LLP
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Hand putting money into a savings jar with a white medical labelEach year, the IRS issues contribution limits for Health Savings Accounts for the upcoming year. The 2015 contribution limits are outlined below.

  • The maximum contribution for individual coverage is $3,350;
  • The maximum contribution for family coverage is $6,650; and
  • In addition to the annual contribution, if you are 55 or older, you may add up to $1,000 in additional monies as part of a “catch up” contribution.

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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