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The Internal Revenue Service (IRS) has announced slight increases in maximum allowable contributions to Health Savings Accounts (HSAs) for 2015.
For individual-only health plans, the contribution maximum rises from $3,300 this year to $3,350 in 2015. For family health plans, the limit goes up to $6,650 from $6,550 in 2014.
To qualify for an HSA, an employee must have either an individual or family high-deductible health plan. Contribution limits are generally adjusted annually for cost-of-living increases.
