On May 2, the U.S. Treasury Department and Internal Revenue Service (IRS) released Revenue Procedure 2013-25, which lists the 2014 indexed amounts, adjusted for inflation, for health savings accounts and high-deductible health plans (HDHPs). (In some cases, this resulted in no change from the prior year.) The following table lists the current 2013 amounts and the new 2014 amounts:
Provided by the American Benefits Council
The use of High Deductible Health Plans is growing rapidly and within a few years may become the dominate plan in the corporate world. These plans favor higher income people because of the high out of pocket costs, but to those who can pay such expenses or to individuals with very modest health care expenses, they provide a vehicle to accumulate money for health care in retirement.
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