IRS Threshold for Health Savings Accounts 2013

The following is only of interest to those of you who have (or, plan to implement) Health Savings Account (HSA) coverage:

We wanted to inform you that the IRS recently released the financial thresholds regarding Health Savings Account coverage for your plan year 2013.  Specifically, the data includes the new amounts regarding: (1) the maximum annual contribution amount that a participant can make towards his/her HSA (as well as the additional "catch-up" amount that participants over 55 can contribute); (2) the minimum deductible amount that a plan can have and still be considered a creditable High Deductible Health Plan (HDHP); and, (3) the maximum Out-of-Pocket amount that a HDHP can have.  For your reference, we have listed the amounts on a convenient table:

 

 

2012

2013

Change

Maximum HSA Contribution for Plan Year:

 Self-Only ---

 

Family ---

 

 

$3,100

 

$6,250

 

 

$3,250

 

$6,450

 


$150

 

$200


Maximum “Catch-Up” Contribution (for Individuals who have attained the age of 55):

 

In addition to the amounts listed above ---

 

 

 

 

 

$1,000

 


 

 

$1,000


 

 

 

0

MINIMUM Amount of Deductible on HDHP:

 

Self-Only ---

 

Family--

 

 

 

$1,200

 

$2,400

 

 

 

$1,250

 

$2,500

 

 


$50

 

$100

 

MAXIMUM Amount of Out-of-Pocket Expenses on HDHP:

 

Self-Only ---

 

Family--

 

 

 

$6,050

 

$12,100


 

 

$6,250

 

$12,500


 

 

$200

 

$400


 

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