The Internal Revenue Service (IRS) issued Revenue Procedure 2012-26, which increases limits for health savings accounts (HSAs) effective for calendar year 2013. The following HSA limits will increase for 2013:
- Annual contribution limits for single and family coverage;
- Maximum out-of-pocket expense limits for coverage under a high deductible health plan (HDHP); and
- Minimum deductibles for HDHPs.
HSA contribution limits
For 2013, the annual HSA contribution limit for an individual with self-only coverage under an HDHP is $3,250 (up from $3,100 for 2012).
For 2013, the annual HSA contribution limit for an individual with family coverage under an HDHP is $6,450 (up from $6,250 for 2012).
hdhp Out-of-pocket expense limits
The maximum out-of-pocket expense (deductibles, copayments and other amounts, but not premiums) limit for self-only HDHP coverage for 2013 is $6,250, which is up from $6,050 for 2012.
For family HDHP coverage, the maximum out-of-pocket expense limit for 2013 is $12,500, which is up from $12,100 for 2012.
hdhp deductible limits
For 2013, the deductibles under an HDHP must be at least $1,250 for self-only coverage (up from $1,200 for 2011 and 2012) and$2,500 for family coverage (up from $2,400 for 2011 and 2012).
effective date
These new limits are effective for calendar year 2013.
more information
For a copy of IRS Revenue Procedure 2012-26, see www.irs.gov/pub/irs-drop/rp-12-26.pdf.