One of the key components of the Affordable Care Act (ACA) is that everyone is required to obtain “minimum essential” health coverage in 2014 or pay a penalty. Minimum essential health coverage can be obtained through your employer, through the Health Insurance Marketplace (Exchange), through a health plan outside of the Marketplace or through a

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The IRS announced in Revenue Procedure 2014-30 issued April 24, 2014, the inflation-adjusted HSA contribution and HDHP minimum deductible and out-of-pocket limits, effective for calendar year 2015. The higher rates reflect a cost-of-living adjustment and rounding rules under Internal Revenue Code Section 223. Health Savings Accounts (HSA) Contribution Limit for employer and employee contributions is

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The IRS highlighted the following adjustments taking effect on January 1, 2015: For 401(k), 403(b) and most 457 plans, the COLA increases for dollar limits on benefits and contributions are as follows: Defined Contribution Plan Limits 2015   2014 Maximum employee elective deferral $18,000   $17,500 Employee catch-up contribution (ages 50 and older) $6,000  

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