The purpose of this article is to provide a quick reference for 2014 plan limits and guidelines for various health and employee benefits.
The chart below shows guidelines for health FSA, HSA, HDHP, highly compensated employees, transit maximums, and dependent care for 2014 compared to the last two years.
|
|
2014 |
2013 |
2012 |
|
Health FSA Maximum Annual Salary Reduction |
$2,500 * |
$2,500 * |
No Limit |
|
Dependent Care Assistance Program |
$5,000 |
$5,000 |
$5,000 |
|
Dependent Care Assistance Program |
$2,500 |
$2,500 |
$2,500 |
|
Transit Passes and Vanpooling (Combined) Monthly Maximum |
$130 |
$245 |
$240 |
|
Parking Monthly Maximum |
$250 |
$245 |
$240 |
|
Highly Compensated Employee — |
$115,000 |
$115,000 |
$115,000 |
|
Key Employee — Section 416(i) |
$170,000 |
$165,000 |
$165,000 |
|
HSA Maximum Annual Contribution Limit (Self-only) |
$3,300 |
$3,250 |
$3,100 |
|
HSA Maximum Annual Contribution Limit (Family) |
$6,550 |
$6,450 |
$6,250 |
|
HSA Catch-up Contribution Limit |
$1,000 |
$1,000 |
$1,000 |
|
HDHP Minimum Annual Deductible |
$1,250 |
$1,250 |
$1,200 |
|
HDHP Minimum Annual Deductible (Family) |
$2,500 |
$2,500 |
$2,400 |
|
HDHP Maximum Out-of-pocket (Self-only) |
$6,350 |
$6,250 |
$6,050 |
|
HDHP Maximum Out-of-pocket (Family) |
$12,700 |
$12,500 |
$12,100 |
* As a result of the Affordable Care Act (ACA), health flexible spending account (FSA) salary reductions are limited to $2,500 effective for taxable years beginning on or after January 1, 2013 (the maximum limit may be indexed for inflation each year). However, there are new FSA 'Use It or Lose It' rules that can allow up to $500 in unused health FSA balances to rollover to the next year.
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