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HSA Deductibles and Contributions

2012 DEDUCTIBLES & CONTRIBUTIONS

Insurance

HSA Contribution Limits *

Coverage
Minimum
Deductible
Maximum
Out-of-Pocket
Regular
Catch-Up
(Age 55+)

Individual

$1,200
$6,050
$3,100
$1,000

Family

$2,400
$12,100
$6,250
$1,000
*If insurance is effective after January 1 and you deposit the contribution limit, you must maintain your qualified insurance coverage through the end of the following calendar year to avoid possible taxes and penalties on part of your contribution.

 

IRS Revenue Procedure 2012-26 released in May 2012 outlines the HSA contribution limits, health plan deductible and contribution limits for 2012, as outlined in the table below:

2013 DEDUCTIBLES & CONTRIBUTIONS

Insurance

HSA Contribution Limits *

Coverage
Minimum
Deductible
Maximum
Out-of-Pocket
Regular
Catch-Up

Individual

$1,250
$6,250
$3,250
$1,000

Family

$2,500
$12,500
$6,450
$1,000
*If insurance is effective after January 1 and you deposit the contribution limit, you must maintain your qualified insurance coverage through the end of the following calendar year to avoid possible taxes and penalties on part of your contribution.