HEALTH SAVINGS ACCOUNT

HEALTH SAVINGS ACCOUNT PLAN LIMITATIONS

 

The Internal Revenue Service (IRS) released the 2012 cost-of-living-adjusted HSA limits.

 

Maximum annual HSA contribution limit

  • Self only coverage: $3,100 (previously $3,050)
  • Family coverage: $6,250 (previously $6,150)
  • Catch-up contribution for those age 55 or older: $1,000

 

Minimum annual deductible to qualify as a high deductible health plan

  • Self only coverage: $1,200 (no change from prior year)
  • Family coverage: $2,400 (no change from prior year)

 

Maximum annual out-of-pocket maximum to qualify as a high deductible health plan

  • Self only coverage: $6,050 (previously $5,950)
  • Family coverage: $12,100 (previously $11,900)

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