Corporate Consulting Services, Ltd. (CCS) is a recognized leader in the risk, employee benefits and HR consulting fields. For over 20 years, CCS has been providing its clients with creative solutions in order to balance human and financial needs. Whether we are navigating the complex healthcare landscape or deploying new human resources initiatives, our objective is the same – to facilitate the best and most cost-effective solutions for our clients so they can focus on their business.
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CCS Alert - IRS Releases 2014 Health Savings Account and High Deductible Health Plan Limits
May 15, 2013
The Internet Revenue Service recently released the 2014 cost-of-living adjustments for Health Savings Account (HSA) and Qualified High Deductible Health Plan (HDHP) contribution limits, deductibles and out-of-pocket maximums:
|
|
2013 |
2014 |
|
Participant Contribution Limits
|
$3,250 $6,450 |
$3,300 $6,550 |
|
Minimum Deductibles
|
$1,250 $2,500 |
$1,250 (no change) $2,500 (no change) |
|
Out-of-Pocket Limits
|
$6,250 $12,500 |
$6,350 $12,700 |
|
Catch up Contribution Limit (age 55) |
$1,000 |
$1,000 (no change) |
This overview presents current information concerning legislation and regulations as of the date of release. Subsequent regulations, determinations and clarifications may impact some of our understanding and interpretations. The information provided should not be construed as legal or tax advice. We recommend consulting with legal and/or tax counsel with questions regarding compliance for your organization.
We have had the absolute pleasure of working with Corporate Consulting Services for more than 20 years. During that time we have consistently received highly professional, courteous and personalized service. Their staff is expert in understanding our work culture and recommending insurance arrangements that best meet our needs. They have also handled many challenging situations with compassion, intelligence and sensitivity. We consider them to be our allies and partners, always working with our best interests in mind.
I feel privileged to write this testimonial and would be pleased to “sing their praises” at any time. They deserve nothing less!
—Gloria Nilsen, Associate Vice President, Human Resources, The Jewish Federations of North America
