The IRS recently announced the inflation-adjusted
contribution limits for health savings accounts (HSAs) for 2014. HSAs allow
taxpayers with high-deductible health insurance plans to set aside pretax
dollars that can be withdrawn tax-free to pay unreimbursed medical expenses.
The 2014 contribution limit for individuals is $3,300; the limit for family
coverage is $6,550. A catch-up contribution of an additional $1,000 is
permitted for individuals who are 55 or older.
