2014 HSA Maximums Released

[Yagents]

Can anybody out there tell me why I put this in the health reform section? Buehler?

http://www.businessinsurance.com/article/20130503/NEWS03/130509925?tags=|62|307|67|74
The maximum contributions that can be made to health savings accounts will increase $50 for individuals and $100 for families in 2014.
Under Revenue Procedure 2013-25 issued Thursday by the Internal Revenue Service, the maximum contribution that can be made to an HSA in 2014 will be $3,300 for employees with single coverage, up from $3,250 this year.
The maximum HSA contribution for those with family coverage will be $6,550, up from $6,450.
The maximum out-of-pocket employee expense, including deductibles, will rise next year to $6,350 for single coverage, up from $6,250. For family coverage, it will increase to $12,700, up from $12,500.
Increases in the HSA limits are tied to changes in the cost of living.

 

[taterpeeler]

Yes... I can tell you... Because the oop related to the aca is tied to the hsa oop max.... Other than that your brain, like mine is programmed to only healthcare reform

 

[supersupps]

As a soon to be aca expert, can someone like ann, explain what this is... in plain english.

 

[taterpeeler]

As a soon to be aca expert, can someone like ann, explain what this is... in plain english.

no luke... we cant, go back to pimping snp, this is way above your pay grade

 

[Ann H]

Besides, my head hurts from speaking Greek and Legaleze all at the same time. Private joke. Have a great weekend.

 

[timsip]

As a soon to be aca expert, can someone like ann, explain what this is... in plain english.

I hope you are saying this in gest....I don't mean to be disrespectful, but if HSA maximum contributions is above your head, you have no business trying to become 'a Soon to be aca expert'. Stick with supps.

 

[houcoogster]

Correct me if I'm wrong. As I understand the rules any money left over at the end of the year is forfeited. Unless I'm missing something here not many people would benefit from an HSA.

 

[timsip]

Correct me if I'm wrong. As I understand the rules any money left over at the end of the year is forfeited. Unless I'm missing something here not many people would benefit from an HSA.

You are thinking about a flex spending account. Very different tool. Click on the links in Yagents signature for a very good education on HSAs. He pretty much is the encyclopedia of HSAs.

 

[Yagents]

Tater wins the prize. OOP is the answer

 

[timsip]

Tater is the teachers pet!