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Health Savings Account
August 03, 2015

Health Savings Account

A Health Savings Account (HSA) is a tax-exempt trust or custodial account established for the purpose of paying medical expenses in conjunction with a high-deductible health care plan.

2015 Maximum Contributions

  • The individuals with self-only coverage for 2015 will have a maximum of $3,350.
  • The family coverage for 2015 will have a maximum of $6,650.
  • The “catch up contributions” for individuals who are at least age 55 or
    older as of December 31st will be $1000 for 2015.
  • Out of pocket maximum for individuals is $6,450; for families is $12,900.
  • Minimum deductible HDHP for individuals is $1,300; for families is

August 03, 2015

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