BB&T - 2014 Health Savings Accounts Maximum Annual Contribution Worksheet

Use this worksheet to determine your maximum allowable annual contribution. The worksheet is meant as a reference tool only. BB&T is not liable for excess contributions as a result of the calculations below.

The maximum allowable contribution to a Health Savings Account (HSA) is set by Federal law. For single coverage in 2014, the annual contribution limit is $3,300. For family coverage, the annual contribution limit is $6,550.

Answer the questions below to determine your maximum allowable annual contribution. Please remember that to qualify for an HSA you must be enrolled in a High Deductible Health Plan (HDHP). An HDHP has a deductible of at least $1,250 for single coverage, or at least $2,500 for family coverage.

Please select a type of coverage.
1. What type of coverage are you enrolled in under your HDHP? Single coverage
Family coverage

Invalid Birth Date. Please use MM/DD/YYYY format.
2. What is your birth date?
 
  mm/dd/yyyy

3. How much will be contributed to Archer Medical Savings Accounts (MSAs) in your name in 2014 and, if you or your spouse has family coverage under an HDHP in 2014, how much will be contributed to Archer MSAs in your spouse's name in 2014?
$

4. How much will be contributed to other HSAs in your name in 2014?
$

Your maximum annual contribution1 for 2014 is:


1 If you are married and your spouse is also eligible for an HSA, your contribution limit is split equally between the two of you unless you agree to a different division. If your type of coverage changes during the year, your maximum annual contribution must be prorated to reflect the different coverage levels in effect during the year. If you are 55 or older or will reach 55 in the current year you may be eligible to make a catch-up contribution, please consult your tax advisor.

This Maximum Contribution Worksheet is written to support the promotion and marketing by BB&T of health savings accounts and is not intended to be used, and cannot be used, for the purpose of avoiding U.S. federal tax-related penalties. Each taxpayer is responsible for determining eligibility and calculating the correct maximum contribution for a calendar year. Each taxpayer should seek advice based on individual circumstances from an independent tax advisor.

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