By Lin­da Rowings

Many employ­ee ben­e­fit lim­its are auto­mat­i­cal­ly adjust­ed each year for infla­tion (this is often referred to as an “indexed” lim­it). The Inter­nal Rev­enue Ser­vice and the Social Secu­ri­ty Admin­is­tra­tion have released a num­ber of indexed fig­ures for 2015.

Lim­its of par­tic­u­lar inter­est to employ­ers include the following.Money

For health and Sec­tion 125 plans:

  • The health flex­i­ble spend­ing account (HFSA) max­i­mum employ­ee con­tri­bu­tion is increas­ing to $2,550.
  • The max­i­mum out-of-pock­et lim­it that applies to non-grand­fa­thered group health plans that are not cou­pled with a health sav­ings account (HSA) will be $6,600 per indi­vid­ual and $13,200 per family.
  • The max­i­mum out-of-pock­et for a high deductible health plan cou­pled with an HSA will increase to $6,450 per indi­vid­ual and $12,900 per family.
  • The min­i­mum deductible for a high deductible health plan cou­pled with a health sav­ings account (HSA) will increase to $1,300 per indi­vid­ual and $2,600 per family.
  • The max­i­mum HSA con­tri­bu­tion will increase to $3,350 for indi­vid­ual cov­er­age and $6,650 for fam­i­ly cov­er­age. The catch-up con­tri­bu­tion (avail­able to those aged 55 and old­er) remains at $1,000.

 For qual­i­fied plans:

  • The annu­al defer­ral for 401(k), 403(b), and most 457(b) plans will increase to $18,000.
  • The catch-up con­tri­bu­tion lim­its (avail­able to those aged 50 and old­er) will increase to $6,000.
  • The thresh­old for “high­ly com­pen­sat­ed employ­ees” will increase to $120,000.
  • The thresh­old for an offi­cer to have “key employ­ee” sta­tus remains at $170,000
  • The annu­al com­pen­sa­tion lim­it will increase to $265,000

 Social Security/Medicare Withholding:

  • The tax­able wage base will increase to $118,500
  • The OASDI tax rate remains at 6.2%
  • The Medicare tax rate remains at 1.45%

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